The Russian Direct Investment Fund (RDIF) and the leading Italian state highway management company ANAS have agreed to make new joint investments in Russian roads, RDIF press service reports.
A corresponding agreement was signed on the sidelines of the meeting of Russian President Vladimir Putin and Italian Prime Minister Giuseppe Conte.
In accordance with the agreement, the parties have agreed to jointly implement investment projects set out in the Comprehensive plan for the modernization and expansion of Russia’s core infrastructure.
“During the implementation of a joint project to reconstruct and operate a section of the M-4 ‘Don’ highway, ANAS proved to be a reliable and qualified partner, which demonstrated a strategic interest in expanding its presence in the Russian market. The further consolidation of our joint efforts will ensure high quality construction and implement ANAS’ best practice and pioneering use of technology across Russia’s road network. Our partnership will also improve the safety of Russian roads and give additional impetus to the development of Russia’s regions,” noted Kirill Dmitriev, CEO of the Russian Direct Investment Fund.
Russian Direct Investment Fund is Russia’s sovereign wealth fund established in 2011 to make equity co-investments, primarily in Russia, alongside reputable international financial and strategic investors.
ANAS is 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. The investment plan 2016-2020 foresees an investment over the five-year period of approx. €23 bln for the entire national territory.