Russia-China Investment Fund to participate in key infrastructure projects in Russia
Beijing, November 1, 2017 – The Russia-Chinа Investment Fund (RCIF, established by the Russian Direct Investment Fund and China Investment Corporation) announces its membership in United Transport Concession Holding, being established by RDIF and the Leader Management Company to implement investment projects in the construction and operation of roads, railways, urban transport and public-private partnership (PPP) projects in Russia.
Partners in the joint venture are currently pursuing investments in the below three complex infrastructure projects, with additional investment value of more than RUB 13 billion:
- The operation of part of the Northern Bypass Odintsovo toll road, Moscow;
- The design, construction and operation of an alternate route at Kutuzovsky Prospekt, Moscow;
- The construction and operation of a light rail transport grid in St Petersburg.
Mubadala Development, the sovereign fund of the United Arab Emirates, and Public Investment Fund (PIF) of Saudi Arabia have previously agreed the main conditions for participation in the equity capital of United Transport Concession Holding.
Kirill Dmitriev, CEO of RDIF and Co-CEO of RCIF, said:
“The growing interest of the world's leading investors in transport infrastructure projects in Russia, including in public-private partnerships, demonstrates the potential of the sector and the opportunities to not only successfully structure projects attractively for foreign institutional investors, but also to bring in international best practice and expertise. Despite the differences in approaches to investment from our partners from the Middle East and China, their joint participation confirms the significance and prospects of this project.”
Bing Hu, Co-CEO and President of RCIF, noted:
“Attracting foreign investors, including Chinese partners, to the implementation of transport infrastructure projects in Russia, will, from our point of view, contribute not only to the development of the transport network, and the country's logistics platform, but also to the introduction of advanced working methods, more efficient budget allocation, the improvement of the quality of project implementation and also shorten their implementation. For private investors, the support of such projects is primarily due to the attractive economy and long-term profitability of projects.”
Russia-China Investment Fund (RCIF) is a joint fund established by the Russian Direct Investment Fund and China Investment Corporation (CIC). The activity of RCIF is aimed at development of bilateral economic, trade and investment relations between Russia and China. Further information can be found at www.rcif.com
Leader is one of the largest management companies in Russia in terms of assets under management and the most high-reliable company in the trust management sector.
The company was founded in 1993 and is currently the leader in financing of Russia's infrastructure construction and modernization.
Leader’s long-term strategy includes the implementation of PPP projects with the concession mechanisms and involvement of PPF funds provided they are fully protected, as well as financing of high-tech and high-quality infrastructure facilities construction in transport, energy, utilities, and sports sectors. For more information, please visit: www.leader-invest.ru
For additional information contact:
Russian Direct Investment Fund
Tel: +7 495 644 34 14, ext. 2395
Mobile: +7 916 110 31 41
Andrew Hayes / Elena Garside
Tel: +44 (0) 20 7796 4133
Russia-China Investment Fund
Tel.: +86 10 5762 9000
Fax: +86 10 57629111
Yury S. Trofimov
Russia-China Investment Fund
Tel.: +7 (495) 230-05-55 ext. 4243
Mob.: +7 (985) 765-13-12