Capital Legal Services provides legal support in the course of preparing and signing a concession agreement for the construction of the fourth bridge over the Ob river in Novosibirsk

 

Press release

Capital Legal Services provides legal support in the course of preparing and signing a concession agreement for the construction of the fourth bridge over the Ob river in Novosibirsk

On December 6, 2017 the Siberian Concession Company (consortium of the VIS Group and Gazprombank), with legal support from Capital Legal Services, signed an agreement with the Novosibirsk Region government on construction and operation of the fourth bridge over the Ob river in the city of Novosibirsk. The bridge will span 1.5 kilometers. In addition, the project entails construction of transportation junctions on both banks of the river. The agreement is signed for a term of 25 years. Total investments into the project amount to 34 billion rubles. The project will be financed by the VIS Group, Gazprombank and the Russian Federation using funds collected through the Platon system.

The signing took place in Moscow during the 11th International Forum Transport Week 2017. Russian Minister of Transport Maxim Sokolov, Minister Mikhail Abyzob and interim acting Governor of Novosibirsk Region Andrey Travnikov were present at the signing ceremony.

In this project, Capital Legal Services, headed by Partner Pavel Karpunin, provided comprehensive legal support for the concessioner Siberian Concession Company LLC at all stages, starting from tender procedures, to signing of the concession agreement.

“This project is among the first concession projects financed using funds from the Platon system. We congratulate our colleagues on the successful signing of the agreement and are certain that implementation of this project will have enormous significance for the economic development of the region,” comments Pavel Karpunin.

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The PPP and Project Finance practice is traditionally among the best practices noted by high-profile international and Russian rating agencies Chambers & Partners, Legal 500, Pravo – 300 and the Kommersant rating. According to Chambers & Partners, the head of the practice Pavel Karpunin is among the top 10 specialists in PPP and project finance in Russia.

 About Capital Legal Services

Capital Legal Services is among the leading Russian law firms providing legal support for Russian and foreign companies since 1999. In the long years of work, our firm has earned an impeccable reputation on the market, as well as clients’ trust, based on an enormous number of successfully completed projects.

Our clients are major international and Russian companies from different industries. Working with regional and international law firms allows Capital Legal Services to support the implementation of our clients’ projects in Russia, CIS and other world countries.

 

Contact the Capital Legal Services press service:

Elena Anisimova

+7-812-346-7990

eanisimova@cls.ru

 

 

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