RDIF and Pizzarotti to build toll bridges over railway crossings in Moscow Region

Press release, 19.06.2015

Saint Petersburg, 19 June, 2015 – The Russian Direct Investment Fund (RDIF), the Government of Moscow region and company Pizzarotti IE, Daughter Company of the leading Italian construction company Impresa Pizzarotti & C. S.p.A., have agreed to invest in building toll bridges over railway crossings in Moscow Region. The agreement was signed today by the CEOs of the companies and the Governor of Moscow Region, Andrei Vorobyov, during the St Petersburg International Economic Forum.

The new overpasses will be built at existing level crossings. For the initial pilot project the parties are considering financing, design, construction and toll operation of four motorway overpasses. If the pilot project is successful, the Moscow Region Government, RDIF, and Pizzarotti will consider further collaborating on the construction of additional overpasses in Moscow region.

Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), said:

“We are pleased to be working with Pizzarotti, which has extensive experience in infrastructure construction projects, including roads, tunnels and bridges. The project will considerably improve transport infrastructure in Moscow Region. Our Italian partner’s participation in the project is of particular significance as it demonstrates a long-term approach to investment collaboration in Russia.”

Giorgio Cassina, International Affairs Managing Director of the Impresa Pizzarotti and C. S.p.A., said:

“Pizzarotti is committed to enhancing significantly its presence in Russia through the implementation of a long-term investment strategy in the field of infrastructural projects. We are particularly glad to be provided with this specific opportunity by the Moscow Region together with such a strong and solid partner as RDIF”

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The Russian Direct Investment Fund (RDIF) was established in 2011 to make equity co-investments, primarily in Russia alongside reputable international financial and strategic investors. RDIF acts as a catalyst for direct investment in the Russian economy. Based in Moscow, RDIF’s management company is a 100% subsidiary of Vnesheconombank. Further information at rdif.ru/Eng_Index/

Impresa Pizzarotti & C. S.p.A. is one of the largest construction companies in Italy founded in 1910. It specialised in the construction of infrastructure facilities, including roads, tunnels and bridges, airports, as well as healthcare facilities. Pizzarotti today consists of a number of companies operating in total synergy all around the world. Further information at www.pizzarotti.it

For additional information contact:
Maria Medvedeva
Russian Direct Investment Fund
Director, Media Relations Department
Tel: +7 495 644 34 14, ext. 2141
Mobile: +7 964 726 17 73
E-mail: mm@rdif.ru

Hudson Sandler
Andrew Hayes / Elena Garside/ Yulia Shvets
Tel: +44 (0) 20 7796 4133

Brenno Todero
Pizzarotti IE
Tel: +7 903 549 69 70
E-mail: todero@pizzarotti-ie.ru