RDIF announces the commissioning of new sections of the Central Ring Road
Moscow, December 28, 2020 – The Russian Direct Investment Fund (RDIF, Russia’s sovereign wealth fund) has announced the opening of Start-up Facility No.4 of the Central Ring Road (СKAD) in the Moscow region for traffic. Avtoban, a construction and investment holding, the Eurasian Development Bank (EDB) and the VEB.RF Group have invested in the construction and further operation of this section, alongside RDIF and its Middle Eastern partners. At the same time, the Russian Highways State Company Avtodor has commissioned Start-up Facilities No. 1 and No.5 as well as Section 3-5 that connects Start-up Facilities No. 3 and 5. In November, Start-up Facility No. 3 was launched with RDIF acting as an investor alongside Avtoban and EDB.
Thus, traffic has been launched on sections that make up almost 90% of the Central Ring Road, the world's largest modern ring highway. RDIF and its partners have facilitated the implementation of more than 50% of the Central Ring Road project through the constructed sections. These facilities have been built on time in accordance with international quality standards. Start-up Facility No.3 with a length of 105 km is the longest section, whilst the length of Start-up Facility No.4 is 97 km.
Kirill Dmitriev, CEO of the Russian Direct Investment Fund, commented:
“The launch of traffic on most sections of the Central Ring Road is a landmark in the creation of the world's largest ring highway and the entire road industry of the country. RDIF and its partners are focused on implementing key infrastructure projects to achieve national development goals, including the Comprehensive Plan for the Modernisation and Expansion of Trunk Infrastructure. The implementation of the Central Ring Road project will radically change the logistics in the European part of Russia, stimulate economic development and create 200,000 new jobs in the region, as well as reducing transit traffic through Moscow and the Moscow region by more than 30%.”
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, RDIF has experience of the successful joint implementation of more than 80 projects with foreign partners totaling more than RUB 2 tn and covering 95% of the regions of the Russian Federation. RDIF portfolio companies employ more than 800,000 people and generate revenues which equate to more than 6% of Russia’s GDP. RDIF has established joint strategic partnerships with leading international co-investors from more than 18 countries that total more than $40 bn. Further information can be found at rdif.ru
For additional information contact:
Arseniy Palagin Andrew Leach / Maria Shiryaevskaya
Russian Direct Investment Fund Hudson Sandler
Press Secretary Tel: +44 (0) 20 7796 4133
Tel: +7 495 644 34 14, ext. 2395
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