View
843
Download
0
Category
Preview:
Citation preview
Alexander Bazhenov – Director, PPP Center of Vnesheconombank
London
February 22, 2012
} Russia`s GDP in 2011: $1.9 trillions*
} Amount of investments in infrastructure in 2010: 4% GDP**
} Projected investment demand in infrastructure up to 2020: more than USD 1 trillion***
} Number of public stuff (2010): 1.648 millions
} PPP projects >400
2
RUSSIAN INFRASRTRUCTURE IN BRIEF
* Rosstat ** Rosstat, 2010 *** Ministry of Economic Development RF, 2007
PPP IN RUSSIA IN BRIEF
} No official PPP policy programme
} Federal legislation (Public procurement law, Competition law, Concession law, Land law)
} Regional PPP legislation (56 regional PPP laws)
} Sources of Funding (International financial institutions, Russian financial institutions, commercial banks, non-government pension funds)
} State support options (Vnesheconombank, sovereign guarantees, RF Investment Fund )
} PPP institutions
3
Ecological infrastructure
Energy efficiency
Territorial development
Transport
IT Social infrastructure
Water
Security & safety
4
KEY SECTORS FOR DEVELOPMENT OF PPP PROJECTS
4
5
MAJOR PPP PROJECTS IN RUSSIA
} Airports: Domodedovo, Pulkovo
} Highways: 15-58 and M4 (concessions)
} Water: BOTs in Moscow and St.-Petersburg, Rostov-on-Don lease and investment contract, over 30 long term leases in various cities, Krasnodar region (concession)
} District heating: Irkutsk (concession), over 30 long term leases in various cities
} Waste management: Yanino plant BOT, Nizhny Novgorod and Volgograd region (concessions)
} Social infrastructure: Nizhny Novgorod sport centers (concessions), St.-Petersburg schools & kindergartens (BOT)
} Infrastructure for regional development: project co-financed by the State Investment Fund project, project in Kaluga
Chairman of the Supervisory
Board - Prime Minister ot the RF
100% ownership of the Russian
Federation
Not subject to regulation by the RF Central Bank
Special Federal Law No. 82-FZ “On Bank for
Development”
Viability principle (payback period,
remuneration, investment
recoverability)
“State Corporation” Status (a non-
commercial organization)
Tax-exempt income
VNESHECONOMBANK’S PROFILE
6
VNESHECONOMBANK’S PPP CENTER: INVESTMENT ADVISORY SERVICES
7
2009 2010 2011 - 2015
function of the Russian Government advisor to assess financial, budgetary and economic efficiency of project applications for the State Investment Fund subsidies
a Single Provider of Services on Investment Consulting for the State Needs of the Russian Constituent Entities to Form Investment Projects on the terms of public private partnership (Government Order №1372-r of 17.08.2010)
financial assistance to regional and municipal project development (FARMPD) – Rub 2 bn annually from 2011 to 2015 (Vnesheconombank`s Supervisory Board decision, 09.12.2010)
Environment Energy efficiency Territorial development Transport Social infrastructure 17
16 15 10 34
Government 1
* as for July 14, 2011
PIPELINE OF PPP PROJECTS*
8
SPHERE OF PUBLIC INFRASTRUCTURE
APPLICATIONS FROM AUTHORITIES
Transport
Nizhny Novgorod region
Construction of the bridge over the Volga river in Podnovie
$1.28 bn
TBD
Sector of public infrastructure
Region
Subject
CAPEX
Payback period
PPP model
Advisors Herbert Smith – legal
adviser Egis – technical adviser
TBD (concession or LCC)
PIPELINE OF PPP PROJECTS IN 2012
9
CONSTRUCTION OF THE BRIDGE OVER THE VOLGA RIVER IN NIZHNY NOVGOROD REGION
NAMIKS– technical advisor
Education
Khanty-Mansiysk Region - Yugra
New construction of 61 kindergartens and schools in Khanty-Mansiysk region
$ 655 mln
BDO– economic & legal advisor
BOLT
15 years
Intermunicipal agreement
Sector of public infrastructure
Region
Subject
CAPEX
Payback period
PPP model
Advisors
PIPELINE OF PPP PROJECTS IN 2012
10
NEW CONSTRUCTION OF KINDERGARTENS AND SCHOOLS IN KHANTY-MANSIYSK REGION
NAMIKS– technical advisor
Education
Astrakhan region
New construction of 39 kindergartens in Astrakhan region
~$ 113 mln
BDO–legal advisor
BOLT
~10 years
Sector of public infrastructure
Region
Subject
CAPEX
Payback period
PPP model
Advisors
PIPELINE OF PPP PROJECTS IN 2012
11
NEW CONSTRUCTION OF KINDERGARTENS IN ASTRAKHAN REGION
PPP IN RUSSIA WEB SITE www.pppinrussia.ru
All about PPP in Russia: www.pppinrussia.ru
12
Thank you !
PPP CENTER VNESHECONOMBANK
9 Ak. Sakharov ave., Moscow, Russia
tel.: +7 (495) 721-9332 fax: +7 (495) 604-6718
www.veb.ru
www.pppinrussia.ru
Recommended