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24 November 2011

Avtodor State Company and Rosgosstrakh agree on strategic partnership

The Avtodor State Company and Rosgosstrakh Insurance Company signed a memorandum on strategic partnership on November 23, 2011. Avtodor CEO Sergei Kostin and Rosgosstrakh President Danil Khachaturov inked the document.

The memorandum contains a broad list of cooperation avenues and aims at providing efficient insurance protection of the Avtodor Company in the implementation of investment projects in road construction industry.

The state company plans to engage Rosgosstrakh and other companies in discussing insurance of its property and third-party liability, as well as insurance provision for the contracts of the state company, including in the framework of public-private partnership.  

One of the major guidelines will be joint effort to draft legislative initiatives aimed at upgrading insurance mechanisms in the implementation of investment projects in the framework of public-private partnership.  

“We hope the partnership will enhance reliability of investments into road construction and will promote increased profitability of state company projects,” Sergei Kostin said.