Capital Legal Services has advised the Siberian Concession Company on its agreement to build a bridge across the Ob River in Novosibirsk, Russia, for the Government of the Novosibirsk Region and Gazprombank.
CLS reports that "a direct agreement was signed on August 1, 2018 as a prerequisite for achieving the financial closing for construction of the fourth bridge that will be financed by Gazprombank. This will allow the concessionaire to raise debt finance."
According to CLS, the construction of the fourth bridge is the largest public-private partnership project ever involving road construction in Siberia and is essential to the development of transport infrastructure and economy of the region.
CLS's St. Petersburg-based team was led by Partner Pavel Karpunin and Head of PPP and Project Finance Julia Antipova.