Arabs to invest in Moscow roads

Western investors are showing interest to concessionary agreements with Moscow, Director of Moscow Investment Management Agency Leonid Kostroma said addressing the 2019 Russian Public-Private Partnership Week congress.

“Western European investors demonstrate interest in Moscow’s infrastructure projects. Germans and French are involved in projects in healthcare and secondary professional education. There is interest to healthcare projects from Asian investors as well. The project of constructing a toll road from Moscow International Business Center to Moscow Ring Road (MKAD) will involve  money from Arab sovereign wealth funds”, Leonid Kostroma noted. 

China also had interest in public-private partnership projects in transport infrastructure, but the efforts to implement them have failed so far, and work with China is currently underway on a contract basis, Leonid Kostroma said. He added that as regards public-private partnership projects, Moscow is not intending to replace budget investments: private investments are used only as supplements.

“Private investments help implement new projects that the city has no experience in carrying out so far. Investors are interested solely in stand-alone projects, with concessionary agreements made on them”,  Investment Management Agency director said.

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