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CLS Assists with Agreement for Construction of Novosibirsk Bridge

Russia
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On December 6, 2017 the Siberian Concession Company (consortium of the VIS Group and Gazprombank), with support from Capital Legal Services, signed an agreement with the Novosibirsk Region government on the constructional and operational procedures of the fourth bridge over the Ob river in the city of Novosibirsk.

The agreement on the bridge that will span 1.5 kilometers is signed for a term of 25 years. The project entails construction of transportation junctions on both banks of the river, with total investments amounting up to RUB 34 billion. It will be financed by the VIS Group, Gazprombank, and the Russian Federation using funds collected through the Platon system.

Capital Legal Services reports that its team, headed by Partner Pavel Karpunin, "provided legal support for the concessioner Siberian Concession Company LLC at all stages, starting from tender procedures, to signing of the concession agreement." Karpunin described the project as "among the first concession projects financed using funds from the Platon system," and said, "we congratulate our colleagues on the successful signing of the agreement and are certain that implementation of this project will have enormous significance for the economic development of the region.:

The signing took place in Moscow during the 11th International Forum Transport Week 2017. Russian Minister of Transport Maxim Sokolov, Minister Mikhail Abyzob, and interim acting Governor of Novosibirsk Region Andrey Travnikov were present at the signing ceremony.

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