A company involving Gazprombank and Bamtonnelstroy-Most Group of Companies have put forward the initiative to build the Balakhna Bypass

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The project involves construction of a highway with a length of more than 24 km

In accordance with the strategy of creating an infrastructure #MEGAPLAYER, Gazprombank represented by Infrastructure PPP, a subsidiary company, and Bamtonnelstroy-Most Group of Companies (BTS-MOST Group), in accordance with Federal Law No. 115-FZ “On Concession Agreements”, have submitted a private concession initiative to the Government of the Nizhny Novgorod Region to implement the project of the 2nd stage of the R-152 Shopsha – Ivanovo – Nizhny Novgorod Highway (a section bypassing the cities of Balakhna and Zavolzhye) construction project.

The project involves the construction of a highway with a length of more than 24 km. A two-lane highway bypassing the cities of Balakhna and Zavolzhye will allow to reduce the traffic on the existing R-152 Highway section. The approximate capital expenditures amount to 23 billion rubles. Gazprombank plans to act as a lender of the project, and will also provide financial consulting and banking support services. A special-purpose entity will act as a concessionaire.

“Support of transport infrastructure projects is one of the major goals of Gazprombank as a #MEGAPLAYER in its niche. We participate in financing of both urban toll roads and highways, together with partners we create transport facilities from scratch according to the best world standards. It gives fresh impetus to business activity of the entire agglomerations and makes lives of a huge number of people easier. I am sure that the project will increase the investment potential of several Volga regions, improve the environment and ensure public employment,” First Vice President and Head of the Infrastructure Projects and PPP Department of Gazprombank Pavel Brusser commented.

“Bamtonnelstroy-Most Group of Companies carries out large-scale infrastructure projects throughout Russia. We build two bridges over the Oka and Sura rivers in the Nizhny Novgorod Region as part of the M-12 Moscow-Kazan Highway construction project. The implementation of the new Balakhna Bypass construction project in the same region in partnership with one of the largest banks in Russia will improve transport links between the Nizhny Novgorod, Ivanovo, Kostroma and Yaroslavl regions and significantly improve road safety,” Deputy General Director of Bamtonnelstroy–Most JSC Alexander Kozarenko said.

At the end of June Gazprombank, BTS-MOST Group and the Government of the Nizhny Novgorod Region signed a cooperation agreement on implementation of investment projects in the sphere of infrastructure construction in the Nizhny Novgorod Region. The above-mentioned project may become a pilot one within the partnership. Several landmark road construction projects across the country, such as the Khabarovsk Bypass, the bridge over the Ob River in Novosibirsk, the Purovsky Bridge in the Yamalo-Nenets Autonomous District, the Syktyvkar–Naryan-Mar Highway, the Western High-Speed Diameter in St. Petersburg, as well as projects in the Moscow Region including the 3rd, 4th and 5th sections of the Central Ring Road, have already been implemented or are almost ready due to the attraction of credit funds and usage of the Bank’s expertise.

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 an active participant on the project financing market in the sphere of real estate construction in Russia. Provision of loans for residential real estate construction projects is one of the most important products of the Bank, which contributes to providing Russian families with high-quality housing and convenient infrastructure.

The retail business of Gazprombank offers modern and high-tech products and services. At the beginning of 2021, the Bank had around 5 million individual customers. By the end of 2020, the retail loan portfolio was more than 660 billion rubles, the retail deposit portfolio amounted to 770 billion rubles.

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 highways and railways, large and small bridges, tunnels, ports and berths, hydraulic structures, runways. Over almost a half century of the company’s existence, more than 2,800 infrastructure facilities have been built and put into operation across the country.

The BTS-MOST Group of Companies