It is intended to build and operate two sections of regional highways
Gazprombank, which implements the strategy of creating an infrastructure #MEGAPLAYER, and Bamtonnelstroy-Most Group of Companies have submitted applications to the Government of the Nizhny Novgorod Region to participate in construction of the Eastern and Northern Bypasses around the city of Nizhny Novgorod on the basis of private concession initiative.
Under the concession agreements, it is planned to build and operate two sections of regional highways of the Nizhny Novgorod Region, which will significantly increase the transit capacity of the motor vehicles bypassing the regional center.
The intended length of the Eastern Bypass of Nizhny Novgorod will be 45 km, and the Northern Bypass of Nizhny Novgorod will be 39.5 km long. It is supposed that the projects will include 10 transport interchanges, as well as two bridges over the Volga River. The total capital expenditure is estimated to be at least 170 billion rubles. Gazprombank will participate as an investor, and besides that it will act as a lender, financial consultant, and will also provide banking support services.
“Construction of modern high-speed highways is one of the major driving forces for the Russian economy, and Gazprombank, acting in accordance with the strategy of creating an infrastructure #MEGAPLAYER, has unparalleled experience and expertise in implementation of road infrastructure projects. The project will allow to remove part of freight and passenger vehicles out of the city thus helping to solve the problem of traffic jams for residents, reduce the city’s roadway wear and tear, and will also improve the environmental situation,” First Vice President and Head of the Department of Infrastructure Projects and PPP Department of Gazprombank Pavel Brusser said.
“The construction of bypasses around Nizhny Novgorod is of high social and economic importance: the implementation of the projects will improve transport connection with neighboring regions, remove transit transport out of the city center, and ensure comfortable and safe traffic. A new bridge across the Volga River will be one of the key facilities. Bamtonnelstroy-Most Group of Companies has unique expertise in construction of oversized bridges and all the technical facilities for implementation of these projects, and partnership with Gazprombank, one of the leaders in financing infrastructure construction in Russia, will allow us to build roads with high quality and on time,” Deputy General Director of Bamtonnelstroy-Most JSC Aleksander Kozarenko said.