RDIF attracts a strategic investor from Italy in the complex reconstruction of the M-4 Don highway
Press release, 17.05.2017
Sochi, 17 May 2017 – The Russian Direct Investment Fund (RDIF) and Italy’s leading road management company ANAS, and Avtodor State Company, announce the creation of a consortium targeting Russian highway infrastructure development and road management. An agreement was signed today during the official visit of Italian Prime Minister Paolo Gentiloni to Russia.
According to the agreement, the parties chose — as a joint pilot project — to invest in the complex reconstruction of the federal M-4 Don highway, a project implemented by RDIF as part of an infrastructure partnership with Avtodor State Company (1091.6 km — 1319 km, Section 4, Rostov — Krasnodar). In addition to providing financing for the project and running the road exploitation, ANAS will act as a supplier of high-tech equipment for an integrated traffic management system for this section of the highway.
Kirill Dmitriev, CEO of RDIF, noted:
"We are pleased to expand our cooperation with European partners and welcome ANAS as a strategic investor in such a significant PPP project. ANAS will contribute advanced expertise in road development and management, which will be key to improving the M-4 highway section and effectively operating it going forward.”
Sergey Kelbakh, Сhairman of the Avtodor State Company, said:
"The participation of such major strategic players as ANAS and RDIF in our projects is particularly important, especially in the context of investment market constraints. I am confident that, with the experience and technologies of our partners, we can go forward in establishing and developing the basic highway network in our country.”
Russian Direct Investment Fund (RDIF) is Russia's sovereign wealth fund 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. RDIF’s management company is based in Moscow. Further information can be found at www.rdif.ru
ANAS S.p.A. (National Autonomous Roads Corporation) is an Italian government-owned company deputed to the construction, operation and maintenance of Italian motorways and state highways under the control of Italian Ministry of Infrastructure and Transport. Founded on June 27, 1946, the company provided its contribution to the construction of Italian road network boosting the national economy. Currently ANAS manages a network of approximately 26,000 kilometers of motorways and state-roads and works on the international markets through its subsidiary ANAS International Enterprise. Further information can be found at www.stradeanas.it
The Partnership between the Russian Direct Investment Fund and SC Avtodor was signed in December, 2014. The parties have agreed to develop and implement joint transport infrastructure investment projects. The partners work together to identify and invest in projects during their initial stages under the government supervision, before attracting foreign investors.
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