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15 April 2013

Avtodor State Company Presents an Information Memorandum for the Concession Project of Moscow—St. Petersburg Highway at the 543–684 km Section.

The information memorandum has been issued for the purpose of acquainting and providing market participants with information on the project under consideration in a timely manner as well as with the key project implementation conditions. Avtodor State Company reserves the right to amend the present memorandum.

 

The Memorandum includes the general information for the project of Moscow—St. Petersburg highway at the 543–684 km section, which will be the basis for Russian Federation Government executive order concerning the concession agreement. According to the preliminary schedule of the project, Russian Federation Government executive order is planned to be issued on April 15, 2013, and a tender - to be announced on April 30, 2013. From May 1 to June 15, 2013 a prequalification, during which bids are accepted, will be conducted. The project roadshow will take place on May 30. Announcement of prequalification results is scheduled for the period from June 20 to July 20, 2013. Then, within 6 months, open consultations with tenderers will be held. Announcement of tender results is scheduled for the period from January 21 to March 06, 2014, and signing of concession agreement – for June 05, 2014.

 

A highway section of 138.80 km long will be built in three years (2015 - 2017). Total project construction cost amounts to RUR 89.15 billion. Construction will be funded by the Concessor and concessioner in the ratio of 75% to 25% respectively.

The highway section will pass through the territory of Saint Petersburg, Leningrad and Novgorod regions. In the Leningrad region, the road passes through the Tosnensky District and the areas adjacent to Annolovo, Pavlovsk and Pushkin. In Saint Petersburg, it runs across the Moskovsky and Pushkinsky districts, and in the Novgorod region –the Novgorodsky and Chudovsky districts.

This road section will fall to IA class that means a highway with design speed of 150 km/h. A highway at the 646-684 km section will be 6-lane, at the 543-646 km – 4-lane. During construction of the section 52 bridges and crossovers, 1 underpass and 3 road junctions will be built.

The project is to be implemented by concessioner in compliance with approved design and estimate documentation after receiving a favorable opinion of Glavgosexpertiza of Russia. Thus, design and estimate documentation for 646-684 km section has already received a favorable opinion of Glavgosexpertiza of Russia on October 25, 2010, and for 543-646 km section – on November 16, 2012. The Project complies with requirements of minimal environment impact, including environmentally protected sites, water protection areas, natural and wildlife reserves, because it stays away from them. Located in relative proximity to the present M-10 Russia road, this project makes it possible to maintain a prevailing interlinking within subjects of the Russian Federation and takes into account a prospective development of transport infrastructure.

The highway will become an important component of Saint Petersburg transport hub and will allow moving a part of traffic out of congested roads network. Besides, a new road will provide interregional connection, because it begins and finishes at junctions to current federal highways, Saint Petersburg belt highway at 684 km and M-10 highway at 543 km points.

 

Upon completion of construction, concessioner will operate the road section for 24 years, including its repairs and overhaul, as well as collect a road toll in favor of the Concessor. Project documentation has provisions for closed toll collection system, i.e. arrangement of toll stations on all toll highway exit and entrance ramps. At the moment the Project specifies an arrangement of the following toll stations: at 535 km, 647 km and 679 km points. Amount of road toll will be estimated on the basis of actually run distance.

Concession agreement allows collection of toll by a concessioner in favor of the Concessor. The Concessor approves rates within amounts specified by concession agreement, using a weighted average rate method. A rate for passenger cars will range from 1.75 to 2.60 roubles per km.

 

More detailed information on information memorandum concerning Financing, Construction and Toll Operation Project of the M11 Moscow – St. Petersburg Highway at the 543–684 km Section on the Basis of Concession Agreement can be found on Avtodor State Company website at the following link.