The trilateral document was signed by First Vice President – Head of Infrastructure Projects and PPP Department of Gazprombank Pavel Brusser, Governor of the Nizhny Novgorod Region Gleb Nikitin and Chairman of the Board of Directors of BTS-MOST JSC Ruslan Baisarov
Gazprombank, acting within the strategy of creating the infrastructure #MEGAPLAYER, Government of the Nizhny Novgorod Region and Bamtonnelstroy-Most Group of Companies (BTS-MOST Group) entered into a cooperation agreement on implementation of investment projects in the sphere of infrastructure construction in the Nizhny Novgorod Region.
The trilateral document was signed by First Vice President – Head of Infrastructure Projects and PPP Department of Gazprombank Pavel Brusser, Governor of the Nizhny Novgorod Region Gleb Nikitin and Chairman of the Board of Directors of BTS-MOST JSC Ruslan Baisarov. The parties expressed their interest in launching and implementing infrastructure projects for the benefit of the region and providing all-round informational and methodological support at all implementation stages of the investment initiatives in the Nizhny Novgorod Region.
“Given the limited resources of the regional budget, the implementation of socially important projects for the Nizhny Novgorod Region using a PPP mechanism is extremely relevant. By providing credit resources to a private entity, the Bank is able to make such projects financially sound. As for the investor search, project “pitching”, assistance in preparing documents, we are ready to do this job together with the professionals from BTS-Most. As a rule, the Bank acts not only as a financial institution, but also as an expert organization that is ready to share its experience to let as many qualitative PPP initiatives as possible appear on the market. We are always ready to support the initiatives significant for the Volga Region,” First Vice President – Head of the Infrastructure Projects and PPP Department of Gazprombank Pavel Brusser said.
“The implementation of infrastructure projects under current conditions becomes a strong impetus for the entire region to move forward. In particular, it applies to such instruments as infrastructure loans. Such work requires involvement of reliable partners with experience in this sphere. The agreement we’ve signed today is aimed at this particular purpose. Our plans include some major transport projects, including those aimed at the development of new territories. It is important to develop the region, to create new jobs, to create new growth areas. Without infrastructure development it is impossible,” Governor of the Nizhny Novgorod Region Gleb Nikitin said.
“Bamtonnelstroy-Most Group of Companies has unmatched experience in construction of the most complicated transport infrastructure facilities throughout our country. The Nizhny Novgorod Region is not an exception, now we erect here the cable-stayed bridge over the Oka River and the beam bridge over the Sura River as part of the M-12 Moscow – Nizhny Novgorod – Kazan Highway construction project. I am convinced that in cooperation with one of the largest banks in Russia we will be able to make a significant contribution to the construction of socially relevant infrastructure facilities for residents of the Nizhny Novgorod Region,” Deputy General Director of BTS-MOST JSC Alexander Kozarenko said.
Gazprombank is among the three top leaders of the Russian banking industry in terms of the main volume indicators (according to INTERFAX-100 Russian banks ranking, www.finmarket.ru/database/rankings/), as well as among the largest financial institutions of Central and Eastern Europe.
Gazprombank provides a wide range of services to corporate and private customers. The bank provides services to key sectors of the Russian economy – gas, oil, chemical and petrochemical, metallurgical, electric power, engineering, transport, construction, communications, agriculture, trade and other industries.
The Bank has many years of unique experience in arrangement of project financing and debenture underwriting at international and Russian capital markets, rendering financial consulting services in the sphere of project, corporate and debt financing, as well as in investment management in Russian and foreign companies. The Bank is included in the list of credit institutions authorized to open escrow accounts. The retail business of Gazprombank offers modern and high-tech products and services, such as bank cards, deposits, mortgage and consumer loans, foreign exchange transactions, brokerage services, insurance and many others. The regional network of the Bank consists of more than 420 offices across the country. Over 5 mln individuals are the Bank’s customers.
Bamtonnelstroy-Most Group of Companies is one of the leading Russian construction holding companies specializing in building transport infrastructure facilities throughout Russia. The company carries out construction and reconstruction of railways and highways, large and small bridges, tunnels, ports and berths, hydraulic structures, runways. Over the 47-year history of the company, more than 2,800 infrastructure facilities have been built and put into operation across Russia.