vnesheconombank ppp centre
TRANSCRIPT
Alexander Bazhenov – Director, PPP Center of Vnesheconombank
London
February 22, 2012
} Russia`s GDP in 2011: $1.9 trillions*
} Amount of investments in infrastructure in 2010: 4% GDP**
} Projected investment demand in infrastructure up to 2020: more than USD 1 trillion***
} Number of public stuff (2010): 1.648 millions
} PPP projects >400
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RUSSIAN INFRASRTRUCTURE IN BRIEF
* Rosstat ** Rosstat, 2010 *** Ministry of Economic Development RF, 2007
PPP IN RUSSIA IN BRIEF
} No official PPP policy programme
} Federal legislation (Public procurement law, Competition law, Concession law, Land law)
} Regional PPP legislation (56 regional PPP laws)
} Sources of Funding (International financial institutions, Russian financial institutions, commercial banks, non-government pension funds)
} State support options (Vnesheconombank, sovereign guarantees, RF Investment Fund )
} PPP institutions
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Ecological infrastructure
Energy efficiency
Territorial development
Transport
IT Social infrastructure
Water
Security & safety
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KEY SECTORS FOR DEVELOPMENT OF PPP PROJECTS
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MAJOR PPP PROJECTS IN RUSSIA
} Airports: Domodedovo, Pulkovo
} Highways: 15-58 and M4 (concessions)
} Water: BOTs in Moscow and St.-Petersburg, Rostov-on-Don lease and investment contract, over 30 long term leases in various cities, Krasnodar region (concession)
} District heating: Irkutsk (concession), over 30 long term leases in various cities
} Waste management: Yanino plant BOT, Nizhny Novgorod and Volgograd region (concessions)
} Social infrastructure: Nizhny Novgorod sport centers (concessions), St.-Petersburg schools & kindergartens (BOT)
} Infrastructure for regional development: project co-financed by the State Investment Fund project, project in Kaluga
Chairman of the Supervisory
Board - Prime Minister ot the RF
100% ownership of the Russian
Federation
Not subject to regulation by the RF Central Bank
Special Federal Law No. 82-FZ “On Bank for
Development”
Viability principle (payback period,
remuneration, investment
recoverability)
“State Corporation” Status (a non-
commercial organization)
Tax-exempt income
VNESHECONOMBANK’S PROFILE
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VNESHECONOMBANK’S PPP CENTER: INVESTMENT ADVISORY SERVICES
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2009 2010 2011 - 2015
function of the Russian Government advisor to assess financial, budgetary and economic efficiency of project applications for the State Investment Fund subsidies
a Single Provider of Services on Investment Consulting for the State Needs of the Russian Constituent Entities to Form Investment Projects on the terms of public private partnership (Government Order №1372-r of 17.08.2010)
financial assistance to regional and municipal project development (FARMPD) – Rub 2 bn annually from 2011 to 2015 (Vnesheconombank`s Supervisory Board decision, 09.12.2010)
Environment Energy efficiency Territorial development Transport Social infrastructure 17
16 15 10 34
Government 1
* as for July 14, 2011
PIPELINE OF PPP PROJECTS*
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SPHERE OF PUBLIC INFRASTRUCTURE
APPLICATIONS FROM AUTHORITIES
Transport
Nizhny Novgorod region
Construction of the bridge over the Volga river in Podnovie
$1.28 bn
TBD
Sector of public infrastructure
Region
Subject
CAPEX
Payback period
PPP model
Advisors Herbert Smith – legal
adviser Egis – technical adviser
TBD (concession or LCC)
PIPELINE OF PPP PROJECTS IN 2012
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CONSTRUCTION OF THE BRIDGE OVER THE VOLGA RIVER IN NIZHNY NOVGOROD REGION
NAMIKS– technical advisor
Education
Khanty-Mansiysk Region - Yugra
New construction of 61 kindergartens and schools in Khanty-Mansiysk region
$ 655 mln
BDO– economic & legal advisor
BOLT
15 years
Intermunicipal agreement
Sector of public infrastructure
Region
Subject
CAPEX
Payback period
PPP model
Advisors
PIPELINE OF PPP PROJECTS IN 2012
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NEW CONSTRUCTION OF KINDERGARTENS AND SCHOOLS IN KHANTY-MANSIYSK REGION
NAMIKS– technical advisor
Education
Astrakhan region
New construction of 39 kindergartens in Astrakhan region
~$ 113 mln
BDO–legal advisor
BOLT
~10 years
Sector of public infrastructure
Region
Subject
CAPEX
Payback period
PPP model
Advisors
PIPELINE OF PPP PROJECTS IN 2012
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NEW CONSTRUCTION OF KINDERGARTENS IN ASTRAKHAN REGION
PPP IN RUSSIA WEB SITE www.pppinrussia.ru
All about PPP in Russia: www.pppinrussia.ru
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Thank you !
PPP CENTER VNESHECONOMBANK
9 Ak. Sakharov ave., Moscow, Russia
tel.: +7 (495) 721-9332 fax: +7 (495) 604-6718
www.veb.ru
www.pppinrussia.ru