RDIF and ANAS invest in the construction of the fourth section of the Moscow Central Ring Road

Press release, 12.12.2018

Moscow, December 12, 2018 – The Russian Direct Investment Fund (RDIF), the sovereign wealth fund of the Russian Federation, and the leading Italian state highway management company ANAS have agreed to jointly implement a concession agreement to build and operate the fourth section of the Moscow Central Ring Road. A corresponding decision is based on the previous agreement signed by RDIF and ANAS on the sidelines of the meeting of Russian President Vladimir Putin and Italian Prime Minister Giuseppe Conte in October, 2018.

The parties intend to finalize the transaction within the 1Q2019. The construction works under the concession agreement are already under way.

The fourth and final section of the Central Ring Road is 96.5 km long. Under the terms of the concession agreement, the cost of construction is 85.4 billion rubles, of which the concessionaire will provide 49.7 billion rubles and private investors will provide 35.7 billion rubles.

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

“ANAS proved to be a reliable and qualified partner, which demonstrated a strategic interest in expanding its presence in the Russian market during our joint work on the complex reconstruction of the federal M-4 Don highway. We are glad that ANAS will keep on contributing its advanced expertise in road development and management to Russia’s most significant transport infrastructure projects. As Russia’s sovereign wealth fund RDIF intends to further invest in infrastructure development in Russia attracting leading international strategic investors to the sector.”

Edoardo Eminyan, CFO of Anas, said:

“We are proud to seize an opportunity to implement the construction of the fourth section of the Moscow Central Ring Road which is definitely a project of major significance in Russia. We are completing the assessments now and will be ready to finalize the transaction soon. Russia is one of our main growth markets and we are happy with the results already achieved here thanks to our strong local partner RDIF.”

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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. Currently, RDIFhas experience of the successful joint implementation of more than 70 projectswith foreign partnerstotaling more than 1.4 trillion rubles and covering 95% of the regions of the Russian Federation. RDIF portfolio companies employ more than 700,000 people, and generate revenues which equate to more than 5% of Russia’s GDP. RDIF established joint strategic partnerships with leading international co-investors from more than 15 countries that total more than 40 billion dollars. Further information can be found at www.rdif.ru

Anas SpAis the company of the Ferrovie dello Stato Italiane Group in charge of road infrastructures. For nearly a century, it has built roads linking all the cities in Italy, operating them and maintaining them efficient over time. The company is a leader in the road design, construction and maintenance and among the leaders accredited worldwide. It operates the national road network, with over 27 thousand km of state roads, motorways and motorway links. The 1,800 tunnels operated by Anas account for half of the tunnels existing throughout Europe. Thanks to the national control room, to the 21 compartmental operating rooms and to a fleet of over one thousand vehicles equipped with satellite locators and video cameras, it constantly monitors the country’s entire road infrastructure. The investment plan 2016-2020 foresees an investment over the five-year period of approx. EUR 23 billion for the entire national territory. The company numbers approx. 6 thousand employees at 38 local offices and is present abroad through its subsidiary Anas International Enterprise. Further information can be found at www.stradeanas.it

 

For additional information contact:

Arseniy Palagin                                        Maria ShiryaevskayaAndrew Leach
Russian Direct Investment Fund              Hudson Sandler
Press Secretary                                       Tel: +44 (0) 20 7796 4133 
Tel: +7 495 644 34 14, ext. 2395
Mobile: +7 916 110 31 41
E-mail: arseniy.palagin@rdif.ru