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The agreement on the financing of the “Bypass of Khabarovsk” road project was concluded at WEF-2017 - EastRussia | Far East

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The agreement on financing the Khabarovsk Bypass Road project is concluded at WEF-2017

The signing ceremony of a direct agreement on providing loan financing for the Khabarovsk Bypass project took place in the framework of the III Eastern Economic Forum (WEF-2017), the Khabarovsk Territory Governor's press office reported. The document was signed by the Deputy Prime Minister of the Krai - the Minister of Economic Development Viktor Kalashnikov, the CEO of OOO RKK (part of the VIS group) Pavel Ovchinnikov and the first vice-president of Gazprombank Alexei Belous.

“As a result of fruitful negotiations, the parties came to an agreement. This is another serious step towards the creation of an object, ”the commentary from Mr. Kalashnikov is quoted in the message. According to Pavel Ovchinnikov, general director of RSC, “all the principal agreements on financing the construction of a new road have been reached, this opens up opportunities to start work in the near future - this fall”.

"Bypassing Khabarovsk" is a toll road, which will relieve the city's road network from transit cars and bring cargo flows beyond it. The motorway will connect the federal routes: A-370 "Ussuri", R-297 "Amur" and A-375 "East" and provide a promising access to the road network of China. The project is implemented within the framework of the concession agreement between RKK LLC and the government of the Khabarovsk Territory. Gazprombank acts as a senior lender, the loan will be provided on the basis of project financing for highway construction.