Russian Direct Investment Fund, Pizzarotti and Gazprombank agreed on joint implementation of healthcare PPP project
Press release, 17.06.2016
St. Petersburg, 17 June, 2016– The Russian Direct Investment Fund (RDIF) together with Italian Pizzarotti Group will act as investor and Gazprombank – as financial advisor, lead arranger and lender to the PPP project of design, construction and technical operation of medical-rehabilitation pavilion of Municipal Hospital №40 of the Resort District of St. Petersburg. The agreement was signed in the presence of the President of Russia Vladimir Putin and the Prime Minister of Italy Matteo Renzi.
The project is implemented under the scheme of public-private partnership concluded between the Government of St. Petersburg and the project company OOO "Neva medical infrastructure" created by the investors. According to the ten-year agreement, the project company will also carry out general maintenance of the pavilion (except for the provision of medical services).
The total construction cost is about 10 billion rubles. The start of the construction works is planned for the IIQ of 2017. Medical rehabilitation services will be provided to the public under the compulsory health insurance scheme.
Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), said:
"We are pleased to announce a new project in partnership with a leading Italian construction company. There is a big potential for implementation in health PPP projects in Russia. Active use of the PPP mechanism at the regional level will significantly improve the quality of medical services and their accessibility to the public."
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 acatalyst for direct investment in the Russian economy. RDIF’s management company is based in Moscow. Further information can be found at www.rdif.ru
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
Gazprombank is one of the three major banks within Russia, in terms of key performance indicators, and one of the three major banks of the Central and Eastern Europe in terms of its equity. It is also one of the largest investors in Russian infrastructure projects. Further information at www.gazprombank.ru
For additional information contact:
Russian Direct Investment Fund
Director of External Communications
Tel: +7 495 644 34 14, ext. 2141
Mobile: +7 964 726 17 73
Andrew Hayes / Yulianna Vilkos
Tel: +44 (0) 20 7796 4133