Central Ring Road 3 financed by the EDB is open for traffic

11 November 2020

Moscow, 11 November 2020. The third start-up facility of the Central Ring Road in Moscow is now open for traffic. The project was implemented with financial support from the Eurasian Development Bank (EDB)

The Central Ring Road is Russia’s first infrastructure megaproject, which is partly financed by the National Wealth Fund. The total project value is RUB 300 billion, of which RUB 150 billion was extended by the National Wealth Fund.

Central Ring Road 3 runs parallel to the Small Concrete Ring A-107 in the north-east of the Moscow Region and connects M11, the new high-speed road linking Moscow and St. Petersburg, and the M7 Volga road. The highway has four lanes with a designed speed of 140 km/hour and includes 69 bridge structures (17 bridges, five wildlife crossings, three pedestrian crossings, and 44 flyovers, including four built on four junctions).

The senior project lenders are Gazprombank, the EDB, and Sberbank. The concession to run the project was granted by the state-owned Russian Highways (Avtodor).

The banks provided the loans to ASK as project financing. The project was implemented under a concession agreement between ASK and Russian Highways made in 2016.

The shareholders in ASK are the AVTOBAN Group of Companies (75 percent), one of Russia’s largest players in road construction, and the EDB (25 percent).

“The construction of Central Ring Road 3 is an excellent example of a development project. Our Bank has extensive experience and unique instruments in financing the construction of cutting-edge high-speed highways on the terms of public-private partnership. Today, we are involved in the construction of the fourth phase of the Central Ring Road (Central Ring Road 4), as well as in the construction of the Big Almaty Ring Road. We are also implementing high-speed highway projects in St. Petersburg. We plan to build up our portfolio of transport infrastructure development projects in all our member countries – Armenia, Belarus, Kazakhstan, the Kyrgyz Republic, Russia, and Tajikistan.”

Additional Information:

The Eurasian Development Bank (EDB) is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission to facilitate the development of market economies, sustainable economic growth, and the expansion of mutual trade and other economic ties in its member states. The EDB's charter capital totals US $7 billion. The member states of the Bank are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan.

The EDB Media Centre:

Alexander Savelyev +7 (985) 765 23 59 (Moscow)

Azima Sapargaliyeva +7 (777) 750 00 08 (Almaty)

Sergey Gorbachev +7 (916) 727 22 00 (Moscow)

pressa@eabr.org

www.eabr.org

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