nacionalnyj perechen perspektivnyh proektov infraone research

SPECIALLY FOR THE XXIII PETERSBURG INTERNATIONAL ECONOMIC FORUM

A N A L I T I E S K I J O B Z O R

NATIONAL LINE LIST OF PROSPECTIVE PROJECTS

What infrastructure projects are preparing to enter the market in the coming years?

How to speed up their launch and avoid problems after?

INCLUDING EXECUTIVE SUMMARY IN ENGLISH

RESERVATION

The materials presented in the review were prepared by InfraONE Research, the analytical division of the investment company InfraONE. The survey is published in order to inform market participants and other stakeholders about the most pressing issues of infrastructure investment.

The above conclusions, expert assessments and forecasts, unless otherwise indicated, reflect the position of InfraONE Research analysts, and not the company’s specialized departments, do not claim to be exhaustive in the analysis of a particular industry, project or financial instrument and are relevant as of the date of publication.

The authors are not responsible for the accuracy and relevance of data, estimates and forecasts. The review cannot serve as a basis for making any investment decisions, it is not an advertisement or an offer, but is published for informational purposes only.

In the analytical review InfraONE Research "National list of promising projects", prepared specifically for XXIII St. Petersburg International Economic Forum, analyzed the plans of federal and regional authorities to create infrastructure facilities in the next three years, assessed the potential of their implementation and identified the main restrictions that may prevent this. The review is available on the InfraONE website, and is also distributed through the company's partners and customers.

Moscow, June 2019

119049, Russia, Moscow st. Cow Val, 5, BC "Oasis"

Tel.: +7 495 231 32 18

research@infraone.ru www.infraone.ru

Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

I. Russia's infrastructure needs and project market . . . 6

• Is there a lot of project financing in Russia? • Concessions in Russia: large projects form the market • Federal concessions: transport priority • What to do in regional concessions? • Municipal priorities of municipalities • How common are concessions in Russia? • Development supports projects or projects - development?

II. Prospective infrastructure projects of Russia . . . . . 24

• National list of projects - "slice" of the infrastructure market • How we selected infrastructure projects in the national list • Information "noise" in the regions • National list of promising projects • Infrastructure and regions: where projects are going? • In which industries to wait for concessions and other PPP projects • The market prefers concessions • "Promotion" of regions • Higher level - more expensive projects? • How many projects are ready for launch?

III. Limitations and incentives of the project market . . . . . . . . . . . . . . . . . . . . 88

• Market after the launch of promising projects • Experience of regions: whether it is necessary to stimulate concessions and PPP? • Public procurement is more expensive, but easier? • Inaccessibility of information hinders development • Is it possible to take projects to a new level? • Who will manage the projects? • Builders and infrastructure • Project financing tools: how to stimulate investment?

Glossary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 103

About InfraONE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 134

Author's team . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 135

NATIONAL LIST OF PERSPECTIVE PROJECTS OF FRAUD

1. Distribution of public and private investments

13. Average project parameters

in the integrated plan and national projects (p. 7)

National List (page 25)

2. Where does the state expect private investors? (p. 8)

14. Distribution of investments and number of projects

3. Dynamics of investments in infrastructure of Russia and infrastructure needs (p. 10)

4. How investments in integrated plan projects will be

cover the minimum additional infrastructure requirement: three scenarios (p. 11)

5. Project financing in Russia,

2007‑2018 Years (p. 13)

6. Share of PPPs and concessions in project financing

in Russia for 2007‑2018 Years (p. 13)

7. Project financing as a share of GDP in Russia,

2013‑2018 Years (p. 13)

8. Distribution of concessions

by type of infrastructure (page 14)

9. The most active condensers of the federal level (p. 15)

depending on their value (page 25)

15. Matrix of pre-selected projects

to the national list (page 28)

16. Investment Map of the National List (p. 78)

17. Investments in national list projects

by federal districts (page 79)

18. PPP in the regions: plans and experience (p. 79)

19. Formats of implementation of projects of the national list (p. 81)

20. Investments in projects of the national list of different

levels (page 84)

21. Who will be the concessionaire

in federal concessions? (p. 85)

22. Status of national list projects

to launch (page 86)

10. The most active regions among the concessionaires

23. How the concession and PPP market can change

regional level (page 18)

11. The most active regions among the concessionaires

municipal level (page 19)

12. Investment map of the most active regions among the regional and municipal-level concendants (p. 22)

after launching projects from the national list? (p. 89)

24. Dynamics of the volume of construction work in rubles

and dollar equivalent (page 96)

25. Dynamics of value added created

construction companies of Russia (page 96)

TABLES

1. Distribution of concessions by level of concession

4. Infrastructure projects of Russia

and industries (page 16)

2. Comparison of regional activity in the concession market

to 1 billion RUR, planned to be implemented in the format of public-private partnership (p. 71)

with the level of development of their infrastructure and construction capacity in 2018 Year (p. 21)

5. Distribution of projects of the national list by levels of the concessionaire and industries (p. 82)

3. Draft national list by industry: number,

investment, launch potential (p. 26)

6. Project financing in infrastructure: how to raise funds for the project? (p. 99)

4. Infrastructure projects of Russia

7. Potential of project financing instruments

to 1 billion RUR, planned to be implemented in the format of public-private partnership (p. 71)

considering the available infrastructure resources on the horizon 2019‑2021 Years (p. 102)

SUMMARY

The problem of the lack of ready-made and well-structured projects in the infrastructure investment market is becoming more acute every year. So far, it is not possible to solve it, even despite the desire of the authorities to develop the industry at an accelerated pace in the next six years. Moreover, it is this factor that slows down ambitious plans.

Nevertheless, a significant number of projects in different formats of public-private partnership have been discussed and prepared for years, and some, although not so long ago, have already been well developed. Of the total number of such initiatives, we have identified 160 projects, which, in our opinion, have a higher chance of launching in the next three years. They have drawn up a national list of promising projects.

• The total amount of investments in 160 of the list of projects is 4 trillion rubles. Of these

3,98 trillion rub. — 99,5 % — Projects are more expensive 1 billion Roughly, around 2,5 trillion RUB, or 63 % These investments are approximately 10 Projects with more investment 100 billion RUB (but the exact number of projects here and further depends on the final decision on the number of sections of the Europe-Western China corridor - see the explanation in the project passport for more details). We do not expect all these megaprojects to be able to launch in the next three years. Most likely, the authorities will stop at three or four of them, since all initiatives will require budget participation.

• In the segment from 10 billion rub. up to 100 billion Rub. focused 40 Projects with total investment 1,29 trillion rub. In our opinion, these projects will be the most attractive for financial investors, since the scope of the project in this case most often allows you to recoup investments in a reasonable time.

• Less than a quarter of national projects

The list only 18,1 %, — We are ready to launch: this 29 Projects in the amount of 1,2 trillion rub. But even among them, more than half falls on two megaprojects - the construction of the Moscow-Kazan HSR section and the transfer to the concession of Domodedovo airport, the launch of which is complicated due to the ultra-large volume. In the segment from 10 billion rub. up to 100 billion According to our estimates, only five projects have high chances to launch. In other words, the growth of the concession and PPP market at least in 2019 The year depends mainly on the launch of megaprojects.

• If events develop according to conservative

The current size of the concession and PPP market will increase only by 131,6 billion rub., or on 9,2 %. Everything will be launched 13 Projects.

more than 500

• Projects are more expensive 1 billion rub. in the list — 96 A smaller group of 100 million rubles. up to 1 billion Rubbish has everything 64. Small projects are prepared mainly by regions

Distribution of investments and number of projects of the national list depending on their value

> Amount of investment,

1290,2

billion rub.

Number of projects,

Units

1361,2

1162,1

0,1

85,4

100

500

Source: InfraONE Research analysis and calculations

NATIONAL LIST OF PERSPECTIVE PROJECTS and municipalities, but in the end these initiatives are not interesting to financial majors and other qualified players, and therefore the quality of their training remains mediocre. We believe that this trend will continue for at least two to three years.

• In the national list of promising projects

The transport industry is expected to lead — 55 The projects require 93,4 % Investments (3,7 trillion RUR), and most of the investments are planned in railways and roads — 1,53 trillion Rub. and 1,52 trillion Rub. respectively. In the first, these investments are needed to implement three projects, and in the second — 35Aunty. In our opinion, the preponderance of transport will remain due to the high cost of projects, and thanks to the special attention of the authorities to the industry due to the tasks set by the May decree.

• Most of the projects of the list are planned to be launched in the North-Western Federal District — 33 The amount above 400 billion rub. But the Central Federal District traditionally leads in terms of investment: 25 Their projects involve investment in 1,3 trillion rub. In other districts, the list was selected from 14 to 26 projects, and only in the North Caucasus Federal District we do not wait for the launch of projects.

• Experience in concession and PPP implementation is more expensive 100 Millions of Rubles 64 regions, but with 25 And yet he is single (1‑2 and concessions). Moreover, the better the infrastructure is developed in the subject and the wider the market of construction companies, the more often public-private partnership is used there. The exception is Moscow, which often has its own funds for infrastructure construction. This trend is likely to intensify: experienced and developed regions will be more motivated to resort to project financing in the next two to three years.

• For investments in infrastructure in the financial market, according to our assessment, is available 2,2‑2,7 trillion rub. But due to the lack of ready-made projects, this money does not get into the industry. Applying a systematic approach to planning the development of territories, transparent selection of projects, the development of seed funds, solving the problems of the construction market and increasing competencies in construction management are steps that, in our opinion, will help solve the problem in the long term (five to six years, if you start to act now). However, it is possible to increase the number of launched projects in the coming years - for this, the authors of the projects can pay attention to undervalued financial instruments in the market in order to make their initiative more attractive, and the authorities can contribute to the emergence of alternative forms of state support and new investment mechanisms.

SUMMARY

Investments in projects of the national list by federal districts*

1270,9

CFO

FEFD

PFO

UFO

SZFO

SFD

250,6

SFO

133,6

778,3

580,5

522,5

401,9

SKFO

? Investment volume, billion rub. ? Number of projects, pcs.

* One project (to create ASVGC) does not have

territorial binding and is not taken into account on the schedule.

Source: InfraONE Research analysis and calculations

I. INFRASTRUCTURE NEEDS OF RUSSIA AND PROJECT MARKET

For decades, the state has been developing Russia’s public infrastructure mainly at its own expense. Project financing and public-private partnership tools are available in the country, but not yet implemented even for a quarter of the potential.

Given that a large-scale infrastructure investment program up to 2024 involves more than half of investments from extrabudgetary sources, the use of various forms of PPP and project financing is becoming more relevant.

How did the state and private investors launch infrastructure projects in previous years? What are you going to bet on in the next five and a half years? Which regions and industries are leading in the use of PPP tools, and which are most in need of such projects?

National projects are waiting for private investors

A year ago, the authorities in the may decree announced new goals for the development of the country to 2024 The last years were then "packaged" in 12 national projects and a comprehensive plan for the development of main infrastructure. The total amount of investments in the activities of the decree is estimated at 25,8 trillion Rs. of them 7,5 trillion Rubles are expected to be private investments.

If the integrated plan is aimed at the development of transport and energy infrastructure 12 The national projects reflect the authorities’ intentions to develop a number of other areas that do not always involve significant infrastructure costs - for example, science, entrepreneurship, social sphere, demography and others. These national projects include 67 Federal projects with total investment 19,4 trillion Rubles, and 22 % Extrabudgetary funds should be provided.

We expect to spend more on infrastructure development as part of national projects and a comprehensive plan 14 trillion Rub, or more 55 % funds planned for the implementation of the May decree. The proportion of extrabudgetary funds in these amounts is approximately 30 % the entire amount. Plans for the creation of various types of infrastructure are contained in the federal projects "Road network", "Implementation of the best available technologies", "Information infrastructure", "Comprehensive system of solid municipal waste management", "Formation of a comfortable urban environment" and other.

The most capital-intensive of the projects of the May decree is a comprehensive plan for the development of the main infrastructure, as well as two national projects - "Safe and high-quality roads" and "Ecology" (see figure 1). All three are expected to spend around 15,2 trillion RUB, or 59 % all means. Moreover, in a comprehensive plan and "Ecology" the authorities count on the greatest activity of private investors, expecting that their share in the projects will be 52 % and 79 % respectively.

In our opinion, these areas will most require tools that can reduce the financial burden on the state, in particular, more active use of project financing.

For more information on how a comprehensive plan for the development of trunk infrastructure is prepared and what it consists of, read the analytical review "Comprehensive plan: money, restrictions, prospects".

NATIONAL LIST OF PROSPECTIVE PROJECTS Figure 1. Distribution of public and private investments in the integrated plan and national projects

billion rub.

500

1000

1500

2000

2500

3000

3500

4000

4500

5000

5500

6000

6500

Comprehensive plan for the modernization and expansion of trunk infrastructure

Safe and high-quality roads

Ecology

Demography

6348,1

4779,7

4041

3105,2

Digital economy

1837,7

Health care

1576,9

Housing and urban environment

1066,2

International Cooperation and Export

956,8

Education

784,4

Science

636

Small and medium-sized enterprises and support for individual entrepreneurial initiative

481,5

Culture

113,5

Labour productivity and employment support

52,1

Source: Government data, InfraONE Research analysis

Private investment > The rest of the funds

Infrastructure outside the integrated plan: in which national projects concessions are possible

Within the framework of the national project "Ecology" in the program "Implementation of the best available technologies", the authorities expect industrial enterprises and private investors to invest in the creation and modernization of systems that reduce the negative impact on the environment. The remaining programs of the national project involve attracting private capital to projects to reduce wastewater pollution, modernize drinking water supply, and introduce facilities for processing MSW. If the company responsible for the project issues bonds and has passed a special selection, the state plans to partially subsidize the cost of paying its coupon income.

In the program "General System Measures for Road Economy Development" (the national project "Safe and High-Quality Roads"), it is planned to apply life cycle contracts (LCAs) and bring their share by the end of 2021 to 40 % of the total volume of state contracts for overhaul, repair and maintenance of roads. Private investment through concessions wanted to attract to the projects of photo-video fixation, but now the market to them cooled down amid criticism of such initiatives by the authorities.

The attraction of private money to the projects of the Digital Economy is expected under the federal project "Information Infrastructure" - within its framework it is planned to create systems for storing and processing information of state authorities, local self-government and data storage and processing services for business and the population. Innovations in 115‑FZ and 224‑FZ, accepted in 2018 year, allow you to directly prescribe this infrastructure as objects of concession and PPP agreements.

In the national project "Science", the authorities expect to apply the concession mechanism for the creation and modernization of scientific facilities, including scientific and educational centers, university campuses, scientific and scientific and technological parks, clusters, agrobiotech parks.

I. RUSSIA’S INFRASTRUCTURE NEEDS AND PROJECT MARKET ■ Regional budgets

extrabudgetary funds

■ Budgets of state

■ Private investment

■ Federal budget

0 0 5 4

0 5 2 4

0 0 0 4

0 5 7 3

0 0 5 3

0 5 2 3

0 0 0 3

0 5 7 2

0 0 5 2

0 5 2 2

0 0 0 2

0 5 7 1

0 0 5 1

0 5 2 1

0 0 0 1

0 5 7

0 0 5

0 5 2

billion rubles

private investors?

Where does the state expect

Figure 2

1 0 1

private capital

State vs.

4 0 0 1

private capital

State vs.

[Unclear source label; original character string: «б у р д р л м 7 9 9 1»]

Total private investment

Safe and high-quality roads

6 0 1

private capital

State vs.

Science

[Unclear source label; original character string: «б у р д р л м 7 1 1 3 2»]

Total private investment

4 0 1

private capital

State vs.

economy

Digital

[Unclear source label; original character string: «б у р д р л м 2 3 5 3 5»]

Total private investment

8 3 1

private capital

State vs.

Ecology

[Unclear source label; original character string: «б у р д р л м 3 1 6 0 2 3»]

Total private investment

1 1 1

private capital

State vs.

[Unclear source label; original character string: «б у р д р л м 6 0 6 2 3»]

Total private investment

Comprehensive Plan for the Modernisation and Expansion of Trunk Infrastructure

[Unclear source label; original character string: «б у р д р л м 9 3 5»]

Total private investment

Small and Medium-Sized Enterprises and Support for Individual Entrepreneurial Initiative

«Seaports of Russia»

«Europe — Western China»

connections»

«High-speed rail

«Rail Transport and Transit»

«Connections Between Centres of Economic Growth»

«Northern Sea Route»

waterways»

«Inland

«Clean Air»

«Transport and Logistics Centres»

technologies»

«Introduction of the best available

airports and routes»

«Development of regional

water»

«Clean

country»

«Clean

forests»

«Conservation of

«Restoring the Volga»

of municipal solid waste»

management system

«Integrated

technologies»

«Digital

tourism»

«Information Infrastructure»

«Personnel for the Digital Economy»

«Information Security»

administration»

public

«Digital

hazard classes»

waste in I–II

«Infrastructure for handling

«Conservation of Lake Baikal»

water bodies»

unique

«Conservation of

ecological

«Conservation of biodiversity and development of

network»

«Road

«Road Safety»

«Roads of the Russian Ministry of Defence»

«System-wide Measures for Road Sector Development»

«Legal Regulation of the Digital Environment»

«Development of Scientific and Scientific-Industrial Cooperation»

in the Russian Federation»

and development

«Development of advanced infrastructure for research

the field of research and development»

the University of London

human resource potential

«Development of

«Promoting Entrepreneurship»

conditions for doing business»

«Improving

small and medium-sized enterprises»

«Accelerating

concessional financing»

including

the University of London

to financial resources

small and medium-sized enterprises

«Expanding access for

rural cooperation»

a system to support farmers and develop

«Creating

Education

[Unclear source label; original character string: «б у р д р л м 4 5 1»]

Total private investment

2 0 1

private capital

State vs.

environment

Housing and the urban

[Unclear source label; original character string: «б у р д р л м 9 3 7»]

Total private investment

1 0 0 1

private capital

State vs.

[Unclear source label; original character string: «б у р д р л м 0 6 5»]

Total private investment

employment

labour and support for

Productivity of

1 0 1

private capital

State vs.

Healthcare

[Unclear source label; original character string: «б у р д р л м 2 1 0»]

Total private investment

0 1

private capital

State vs.

Culture

Total private investment

0 1

private capital

State vs.

Total private investment

0 1

private capital

State vs.

cooperation and exports

International

Demography

Total private investment

0 1

private capital

State vs.

«Export of Education»

of every child»

«Success

«Teacher of the Future»

activity»

«Social

environment»

«Digital learning

everyone»

opportunities for

«New

with children»

families

«Support for

everyone»

mobility for

«Social

«Modern School»

of vocational education)»

competitiveness

Improving

(

«Young Professionals

housing stock»

a comfortable urban environment»

«Creating

a sustained reduction in uninhabitable

«Ensuring

«Housing»

«Mortgages»

at enterprises»

«Targeted support for improving labour productivity

«System-wide Measures to Improve Labour Productivity»

to support labour productivity growth»

labour

market efficiency

employment and improving

«Support for

qualified personnel»

services»

exports of medical

«Development of

cardiovascular diseases»

«The fight against

«Providing healthcare organisations with

the primary healthcare delivery system»

«Development of

technologies»

and introduction of innovative medical

a network of national medical research centres

«Development of

cancer»

«The fight against

state healthcare information system

infrastructure for providing medical care to children»

modern

creation of

including

«Development of Children's Healthcare

unified

in healthcare based on

the University of London

a unified digital framework

«Creating

environment»

«Cultural

people»

«Creative

culture»

«Digital

«Industrial Exports»

«Older Generation»

as a way of life»

«Sport

«Strengthening Public Health»

«Exports of Agricultural and Food Products»

«System-wide Measures for Developing International Cooperation and Exports»

services»

«Export of

«International Trade Logistics»

families at childbirth»

«Financial support for

years»

under three

education for children aged

conditions for preschool

women's employment — creating

«Promoting

0 0 5 4

0 5 2 4

0 0 0 4

0 5 7 3

0 0 5 3

0 5 2 3

0 0 0 3

0 5 7 2

0 0 5 2

0 5 2 2

0 0 0 2

0 5 7 1

0 0 5 1

0 5 2 1

0 0 0 1

0 5 7

0 0 5

0 5 2

billion rubles

h c r a e s e R E N O a r f n I

analysis

government

data

Source

Does the government spend a lot on infrastructure?

According to our calculations, in 2018 The public and private sectors have invested in infrastructure 5,7 trillion Rub, what on 200 billion rub. (3,6 %) more than a year earlier. The ratio of budgetary and extrabudgetary funds has moved even more towards the latter, making 1:1,85. But this money is still not enough for infrastructure development, and most of the funds are spent on maintaining existing facilities.

According to the Treasury for December, Budget system expenditures on infrastructure in 2018 The year has been reduced to 1,9 trillion Rub. and 1,8 % GDP with 2 trillion Rub. and 2,2 % in 2017Ahem. Relative to GDP, investment reached a record low in seven years (see figure 3). The latter is due to the fact that Rosstat recorded GDP growth in 11 trillion RUB at the end of last year.

Federal budget expenditures in 2018 The year decreased by 12 %: to 0,58 trillion Rubles against 0,66 trillion Ruble a year earlier. Regionally, the 3 %, with 1,37 trillion rub. up to 1,33 trillion rub.

We are waiting for that in 2019 The budget system will win back the fall: so the cost of infrastructure will exceed 2 trillion GDP and GDP will rise to 2,1 %, Unless, of course, the Ministry of Finance follows Rosstat does not adjust the forecast values of GDP in a big way.

However, in our view, in 2019 There will be no major changes in infrastructure spending. This is due, firstly, to the fact that the first large investments in the framework of the integrated plan will be made later - in the next year 2020‑2021 Second, they will be spent mostly in the federal budget.

In our opinion, the regions will spend more on maintaining the existing infrastructure in the next two to three years than on creating a new one. According to our assessment, even the available funds from the budget and extrabudgetary sources are still difficult to direct to projects, since there are less initiatives ready to launch than money on the market.

Figure 3. Dynamics of investments in infrastructure of Russia and infrastructure needs

trillion rub.

2,9%

2,6%

2,2%

1,8%

2,1%

2,8

2,3

2,2

2,1

2,5

1,9

3,5

3,7

1,9

+5,6% GDP

+2,5% GDP

3,4

2,6

3,7

2,2

3,5

3,8

2,3

3,5

2,4

2014

2015

2016

2017

2018*

2019p

2020p

2021p

Public investment, % of GDP Not enough for economic growth Minimum needs Extrabudgetary investment in fixed assets* Budget expenditures**

* Extrabudgetary investments in infrastructure were estimated on the basis of data on the structure of investments in fixed assets by type

economic activity: this indicator we have cleared from real estate construction costs, investments that are made by industrial enterprises, manufacturing, agricultural sector, from financial transactions and trade. This category includes investments of state-owned banks and state-owned companies, private business, investors from abroad.

** When calculating the forecast of infrastructure spending in 2019‑2021 In the last few years, we have used the consolidated codes of types of expenses as a basis, since there is no more detailed breakdown in the budget for the planning period. But the total figure does not reflect the real situation (as it includes, for example, subsidies for air and rail transportation), so we also took into account the proportion of budget execution for specific codes of types of expenses in previous years and the growth of total budget expenditures by year.

Source: Rosstat, Treasury, InfraONE Research

NATIONAL LIST OF PROSPECTIVE PROJECTS

How much does the Russian infrastructure need?

The minimum additional need of the Russian infrastructure, in our estimation, is 2019 the Year of 2,6 trillion RUB (or 2,4 % GDP). K 2024 In the year it will probably reach 4,8 trillion RUR, and if we take into account the forecast for economic growth of the Ministry of Economic Development — 5,85 trillion in a conservative scenario, and 6,1 trillion Rubles - at the base.

The transport infrastructure is the most underfunded - according to our calculations, it accounts for about 90 % of the minimum need. Most of all, roads need investments - about 42 % of the total transport needs. Another 40 % is required for railways, and this estimate does not take into account, for example, high-speed highways, since they relate rather to the need for economic growth. For the same reason, the minimum additional requirement does not include the cost of increasing the capacity of ports: they are mainly in the area of interest of private investors.

Investments in projects, according to the comprehensive plan for the development of trunk infrastructure, according to our calculations, can cover the minimum additional need of the country's infrastructure on the horizon of 2022 - 2023 years. By the end of the five-year period, investment in infrastructure will be directed to economic growth. But this is an optimistic version that does not take into account any of the systemic limitations.

If we assume that budget funds for infrastructure will arrive on time, and projects involving extra-budgetary funding will appear somewhat slower than the government expects in the plan (with a delay of two to three years), then the minimum additional need will not be covered by 2024 - about 10 % will be underfunded (see the moderate scenario in figure 4).

However, the most likely scenario, in our opinion, is the third one, which takes into account a significant part of the restrictions. If the lack of projects can be overcome only in 2021 After a significant but realistic investment breakthrough, the country’s minimum additional infrastructure needs will be able to cover almost two-thirds of the total 2024 year. It will be possible to invest around 3,8 trillion RUB instead of planned in a comprehensive plan 6,35 trillion Rubles (see conservative scenario in the figure 4).

Figure 4. How investments in integrated plan projects will cover the minimum

Additional Infrastructure Requirement: Three Scenarios*

For the actual spending of the budget system on infrastructure and forecast up to 2021, see Figure 3.

trillion rub.

Optimistic scenario Moderate scenario Conservative scenario Not enough for economic growth

Minimum additional requirements:

Non-Transport Infrastructure > Transport Infrastructure

2019p

2020p

2021p

2022p

2023p

2024p

EXTENSION OF MINIMIES AND LANGUAGES SUPPLY THE LANGUAGE NEEDEDED BY SFERA M INFRAS TRU TO T U R (2019-2024 YEARS)

39,55%

Highways

37,89%

Railways

10,26%

3,44%

2,05%

3,13%

2,04%

0,37% 0,04%

1,24%

Waterways

Air infrastructure

Housing and Utilities IT Leasing

Social infrastructure

Logistics and support transport activities

Agriculture

* The average growth rate for the three preceding years is used to calculate the potential of budget spending on infrastructure after 2021.

Source: Ministry of Finance data, explanatory note to the draft federal budget for 2019‑2021 years, integrated plan, Global Infrastructure Outlook, Infrastructure Development Index InfraONE Research, calculations, analysis and forecasts InfraONE Research

I. INFRASTRUCTURE REQUIREMENTS OF RUSSIA AND THE PROJECT MARKET Are there many project financing in Russia?

According to our estimates, in Russia 2007‑2018 the Order of the Year 160 transactions with the use of project financing instruments for a total amount of almost 4,9 trillion rub.

In the established foreign practice of project financing (for example, according to the IJ Global project database), transactions that have passed financial closure are taken into account. Therefore, in this calculation, the data for 2018 did not include railway concessions for the construction of the Northern Latitudinal Railway and the Elegest-Kyzyl-Kuragino branch, as well as a number of other major agreements, where only commercial closure has taken place so far.

In our calculations, we took into account projects more expensive than 1 billion rubles ($20 million). If their value was given in US dollars, then the ruble equivalent was calculated at the weighted average rate for the corresponding year of closing of the transaction. Project data is not exhaustive, but reflects the situation as a whole.

The largest number of project-finance transactions took place in the last two years, with their number increasing each year from 2015 onwards (see Figure 5). We attribute this to many companies gradually adapting to the economic crisis, resulting in an increase in large concession projects worth more than 1 billion roubles.

Peak volume of transactions concluded in 2016 the Year — 2,3 trillion Rubles against the average annual 150‑200 billion rub. However, then 88 % The result was ensured by the Yamal-LNG natural gas production, liquefaction and supply project.

Without taking into account this project, the record volume of transactions remains 2010 year - more 530 billion rub. Then there was a financial closure of the first phase of the deal on the Nord Stream gas pipeline, PPP agreement on Pulkovo airport and concession for the construction of a section of the toll road Moscow — St. Petersburg (15‑58Her km).

The largest number of transactions in Russian project financing - according to our calculations, about 60 % - is concluded in the form of concessions and PPPs. The same format is the most popular when creating infrastructure. At the same time, in monetary terms, concessions and PPPs in domestic project financing amount to less than a third.

Abroad, the situation is reversed: the volume of transactions in infrastructure exceeds the same indicator of the oil and gas and mining sectors.

We believe that the volume of project financing transactions is still insignificant in order to significantly affect economic growth. According to our calculations, in 2018 The share of project funding was total 0,29 % GDP decreased compared to 2017They are almost twice (c 0,57 %). Meanwhile, the higher this share, the more serious the impact on the economy. In our opinion, for a tangible economic effect, the project financing should be of order 1‑2 % GDP. About as many foreign countries as Canada and Australia are investing as part of their long-term infrastructure plans.

According to S&P Global, 1 % GDP, additionally invested in infrastructure, can stimulate economic growth by 1,2 %. This is due to the increase in real incomes of the population, the number of jobs and the amount of taxes received by the budget when creating new facilities.

NATIONAL LIST OF PROSPECTIVE PROJECTS In Russia, despite the comparable amount of funds, such influence can be leveled by the features of the launch of projects. According to the comprehensive plan for the development of the main infrastructure until 2024, the authorities want to invest in it about 1 % GDP per year, but only a fifth of these funds are still expected to be done in the form of project financing.

Figure 5. Project financing in Russia, 2007–2018 years*

2,5

1,5

0,5

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

* Projects are more expensive $20 million (in the prices of the respective years). The data are not exhaustive, but reflect the overall picture.

? Deals volume, trillion rub. ? Number of projects

Source: data from IJGlobal, authorities, companies, media reports, calculations and analysis by InfraONE Research

Figure 6. Share of PPPs and concessions in project financing in Russia for 2007–2018 years

0,05

0,92

3,97

Total 160 Project financing transactions in the amount of 4,9 trillion rub.

? Deals volume, trillion rub. ? Number of projects

2 (1%)

88 (55%)

Concessions

70 (44%)

Other Project Financing Transactions

Other types of project financing in infrastructure

Source: data from IJGlobal, authorities, companies, media reports, calculations and analysis by InfraONE Research

Figure 7. Project financing as a percentage of GDP in Russia, 2013–2018

120

100

2,68%

0,06%

2013

0,23%

2014*

0,26%

2015*

0,57%

2016*

2017*

0,29%

2018*

* GDP data, starting with 2015 Year, revised by Rosstat December 2018 years and are not comparable with the data for 2012–2014 years.

GDP at current prices, trillion rubles — Project financing transactions, % of GDP

Source: IJGlobal, Rosstat, analysis and calculations of InfraONE Research

I. INFRASTRUCTURE NEEDS OF RUSSIA AND PROJECT MARKET

Concessions in Russia: large projects form the market

The most interesting market segment for majors - concessions are more expensive 1 billion rub. Projects from 100 million rubles. up to 1 billion Rubles are mainly interested in smaller players, who often do not even create special project companies for these purposes, but act on their own behalf. Concession is cheaper 100 More local investors, including sometimes individual entrepreneurs, claim to be more than one million rubles.

The qualified market segment, in our opinion, can only be considered the first projects.

Here are the statistics on projects more expensive 100 Millions of dollars held within the 115‑FZ to 31 December 2018.

The full public base of concession projects in the country is still missing, and the available ones do not always have complete information, are not free of errors and often differ markedly from each other. Therefore, we cannot say that our data is exhaustive, but they reflect the situation in the market as a whole.

The most developed form of project financing in the Russian infrastructure investment market is concession. According to various estimates, c 2007 by 2018 A year in the country was concluded from 2,5 to 2,9 Thousands of concession agreements, but more expensive 100 Millions of Rubles Only 300 of them for the total amount 1,44 trillion rub.

According to our calculations, the main part of the concessions - 72 % in terms of investments - in the project segment more than 100 million rubles. belongs to the transport infrastructure. In turn, according to the number of concluded agreements - 59 % - the communal sphere is leading, in addition, about a fifth of all projects (18,5 %) belong to the social infrastructure. The least among the concessions of energy projects and projects of "special" directions (for example, defense).

According to our estimates, the segment of projects is more expensive 1 billion The rub is just order 100 concession agreements, but they cover almost 94 % The investment market. This segment is dominated by transport infrastructure, and all other areas are no more 23 % investment projects (see figure 8).

Federal concessions: transport priority

At last 2018 The year, according to our assessment, was concluded 14 Federal concessions for the total amount 766,5 billion rub. The largest of them is the construction of the Elegest-Kyzyl-Kuragino railway line (192,4 billion Rub.). Average amount of federal concessions — 54,8 billion RUB, which indicates a high concentration of super-large and mega-projects.

Most federal concessions are more expensive 1 billion rub. But there are two exceptions: the project to create a medical industrial park in Novosibirsk (685 million rubles) and the construction of railway approaches to the port of Taman (362 million rubles.).

Figure 8. Distribution of concessions by type of infrastructure*

By cost, billion rub.

The cost of the project, billion rub.

Total

1437,3

1175

more than 10

Communal

Social

Transport

Energetic

Telecommunications

268,4

53,1

1029,7

6,4

64,6

Other

15,1

981,7

from 1 to 10

up to 1

181

81,3

126,4

93,6

48,4

Source: IJGlobal, Rosstat, analysis and calculations of InfraONE Research

37,7

15,4

38,6

9,4

4,7

1,7

51,9

6,3

6,4

0,1

* Projects are more expensive 100 Millions of dollars held within the 115‑FZ to 31 December 2018.

NATIONAL LIST OF PROSPECTIVE PROJECTS

More than a third of federal concessions (5 from 14) implemented in the Moscow region. Three more agreements are in the northern regions of the country (Murmansk, Yamal, Arkhangelsk region). Several territories are affected by the other three projects: the toll system 12Shtonnikov "Platon", road Moscow — St. Petersburg (543‑684 km) and the Elegest-Kyzyl-Kuragino railway.

Among the federal concessions, there are no projects in the field of energy and utilities, very little social infrastructure, and the vast majority - almost 94 % of the volume of all agreements - from transport infrastructure. The latter is explained by the capital intensity of industry projects, sometimes by cross-territoriality, as well as the intersection of interests of large businesses and state institutions.

The absence of municipal projects at the federal level is due to the fact that they lie mainly in the sphere of interests of municipal authorities (notably less often - regional). This also explains the low share of the social sphere (0,3 %). Projects in the energy sector are generally poorly represented in the concession market: although there is an opportunity to launch them, the largest of them are still implemented by private companies within their investment programs.

Both in terms of the number and volume of projects, the most active concessionaries at the federal level are Avtodor and Roszheldor. Despite the fact that the Ministry of Health managed to conclude two concessions, the total volume of projects is minimal compared to other concession holders (2,5 billion Rub.). In the last few months, the Ministry of Defense has become more active, but so far its interest is exhausted by the creation of a PLC.

We believe that in the coming years the situation with the distribution of concessions by type of infrastructure will not change significantly, including because the development of transport infrastructure is a priority in a comprehensive plan.

Figure 9. The most active

Federal Concessors

Total 14 Projects in the amount of 766,5 billion rub.

GC "Avtodor"

356,3

Roszheldor

305,8

Rosaviatsia

Rosmorrechflot

Ministry of Defense

Ministry of Health

2,5

? Investment volume, billion rub. ? Number of projects, pcs.

* Projects worth more than 100 million rubles were taken into account,

Prisoners in the 115‑FZ to 31 December 2018.

Source: data from authorities, media, calculations and analysis of InfraONE Research

By number of projects,

Total

313

The cost of the project, billion rub.

more than 10

from 1 to 10

Communal

Social

Transport

Energetic

Telecommunications

Other

184

Source: IJGlobal, Rosstat, analysis and calculations of InfraONE Research

up to 1

141

218

* Projects are more expensive 100 Millions of dollars held within the 115‑FZ to 31 December 2018.

I. INFRASTRUCTURE NEEDS OF RUSSIA AND PROJECT MARKET

Table 1. Distribution of concessions by levels of concession and industries*

By cost, billion rub.

MUNICIPAL

REGIONAL

FEDERAL

TOTAL

FEDERAL

REGIONAL

MUNICIPAL

TRANSPORTATION

3,6

305,9

720,2

1029,7

Highways

167,7

327,4

Airports

Hydrotechnical facilities

Parking

0,2

0,8

1,5

Urban Rail Transport

Bridges

Arrangements (transport)

Travel guides

Railways

Ports

7,2

33,7

82,9

5,1

9,3

305,8

COMMUNAL

238,7

29,7

Water supply and sanitation

121,7

Gas supply

0,2

Housing**

29,1

Heat supply

74,9

TKO

12,6

Pipeline transport

0,2

SOCIAL

11,3

0,4

0,6

Health care

Education

Culture

Sport

Tourism

Recreation

1,8

Gerontological

Other

ENERGY

Lighting

Power supply

Generation

TELECOMMUNICATION

OTHER

Telematics

Cleaning

PLC

0,4

4,7

1,2

3,5

0,9

0,1

1,6

2,3

3,9

21,8

39,3

28,2

0,4

8,3

0,5

0,8

0,9

0,2

1,7

1,6

0,1

34,8

2,5

28,9

496,1

68,4

0,8

1,5

33,7

82,9

5,1

9,3

305,8

268,4

123,3

0,2

31,4

78,8

34,4

0,2

53,1

31,7

0,8

8,9

0,5

2,7

0,9

0,6

6,4

1,2

5,1

0,1

64,6

15,1

0,1

TOTAL

259,3

411,4

766,6

1437,3

313

204

TOTAL

* Projects are more expensive 100 Millions of dollars held within the 115‑FZ to 31 December 2018.

** Projects in several communal areas at once.

Source: data from projects, authorities, media, calculations and analysis by InfraONE Research

184

163

SOCIAL

TRANSPORTATION

Highways

Airports

Hydrotechnical facilities

Parking

Urban Rail Transport

Bridges

Arrangements (transport)

Travel guides

Railways

Ports

COMMUNAL

Water supply and sanitation

Gas supply

Housing**

TKO

Heat supply

Pipeline transport

Health care

Education

Culture

Sport

Tourism

Recreation

Gerontological

Other

ENERGY

Lighting

Power supply

TELECOMMUNICATION

OTHER

Generation

Telematics

Cleaning

PLC

NATIONAL LIST OF PROSPECTIVE PROJECTS

MUNICIPAL

REGIONAL

FEDERAL

TOTAL

FEDERAL

REGIONAL

MUNICIPAL

By number of projects,

TRANSPORTATION

305,9

720,2

1029,7

167,7

327,4

7,2

COMMUNAL

238,7

29,7

305,8

Highways

Airports

3,6

0,2

0,8

1,5

Hydrotechnical facilities

Urban Rail Transport

Parking

Bridges

Arrangements (transport)

Travel guides

Railways

Ports

Water supply and sanitation

121,7

Gas supply

0,2

Housing**

29,1

Heat supply

74,9

TKO

12,6

Pipeline transport

0,2

SOCIAL

Health care

Education

Culture

Sport

Tourism

Recreation

1,8

Gerontological

Other

ENERGY

TELECOMMUNICATION

OTHER

Lighting

Power supply

Generation

Telematics

Cleaning

PLC

11,3

0,4

0,6

0,4

4,7

1,2

3,5

0,9

0,1

33,7

82,9

5,1

9,3

1,6

2,3

3,9

0,4

8,3

0,5

0,8

0,9

0,2

1,7

1,6

0,1

21,8

39,3

28,2

34,8

2,5

28,9

268,4

496,1

68,4

0,8

1,5

33,7

82,9

5,1

9,3

305,8

123,3

0,2

31,4

78,8

34,4

0,2

53,1

31,7

0,8

8,9

0,5

2,7

0,9

0,6

1,2

5,1

0,1

6,4

64,6

15,1

0,1

184

TOTAL

259,3

411,4

766,6

1437,3

313

* Projects are more expensive 100 Millions of dollars held within the 115‑FZ to 31 December 2018.

** Projects in several communal areas at once.

Source: data from projects, authorities, media, calculations and analysis by InfraONE Research

163

TRANSPORTATION

Highways

Airports

Hydrotechnical facilities

Parking

Urban Rail Transport

Bridges

Arrangements (transport)

Travel guides

Railways

Ports

COMMUNAL

Water supply and sanitation

Gas supply

Housing**

Heat supply

TKO

Pipeline transport

SOCIAL

Health care

Education

Culture

Sport

Tourism

Recreation

Gerontological

Other

ENERGY

Lighting

Power supply

Generation

TELECOMMUNICATION

Telematics

Cleaning

PLC

OTHER

204

TOTAL

I. INFRASTRUCTURE NEEDS OF RUSSIA AND PROJECT MARKET

What are regional concessions for?

The experience of concluding regional concessions is not so wide, taking into account the segment of 100 million rubles. Judging by the number of regions, such agreements are signed in less than half of the country’s constituent entities, but even there for one constituent entity of the federation there are often only two or three such agreements. At last 2018 the Year 41 The subject was imprisoned 95 the Regional Concessions 411,4 billion rub. And what 13 Regional projects are smaller 1 billion rub.

Figure 10. The most active regions among the regional level concedents*

The largest regional concessions are the bridge across the Ob River in Novosibirsk (40,5 billion rub.) and the northern double of Kutuzovsky prospect in Moscow (40 billion Rub.). The average size of regional concessions is significantly less than that of federal ones 4,3 billion rub.

52,1

Moscow Region

Novosibirsk Region

Moscow

Khabarovsk Krai

St Petersburg

Bashkiria

Volgograd Region

Amur Region

44,4

37,5

36,5

23,5

YaNAO

16,5

Perm Krai

Udmurtia

Ulyanovsk region

Leningrad Region

Samara Region

Komi

Irkutsk Region

Nizhny Novgorod Region

Chelyabinsk Region

8,2

7,4

6,5

5,8

5,2

4,9

Sverdlovsk region

3,7

14,9

13,9

Primorsky Krai

2,5

Tambov region

1,9

Murmansk Region

1,9

Daghestan

Saratov Region

Tyumen Region

Chuvashia

Orenburg Region

KhMAO

Crimea

Ryazan Region

Sevastopol

Astrakhan Region

Arkhangelsk Region

Transbaikalia

Smolensk Region

Kostroma region

Karelia

Jewish AO

Altai Krai

Chukotka JSC

Tatarstan

1,7

1,5

1,4

1,1

0,9

0,8

0,7

0,4

0,3

0,2

0,1

> Amount of investment,

billion rub.

Number of projects,

Units

* Projects more than 100 million rubles, concluded within the framework of

115‑FZ to 31 December 2018.

Source: data from authorities, media, calculations and analysis of InfraONE Research

Among the concessions, where the concession was a subject of the federation or representing the government of the region, the Moscow region is leading with 18 projects. Also among the leaders of the Samara and Nizhny Novgorod regions (six projects), St. Petersburg and Leningrad region (five projects). In total, these five entities close 42 % of the total number of regional concessions in the country.

The Moscow region is also ahead of the rest of the regions and by the volume of concession agreements concluded (52,1 billion Rub.). A little behind her Novosibirsk region (47 billion Rub.) and Moscow (44,4 billion rub.).

The share of transport infrastructure in the total volume of regional concession agreements is lower than that of federal ones, but still prevails (73,5 %). Large projects in this area are often implemented with the support and participation of the federal authorities (and, in particular, the Ministry of Transport). The second largest number of projects and the first in terms of their number at this level is the social infrastructure. Moreover, the regions are most interested in the field of health, education and sports (see figure 10).

Also at the regional level, as a rule, projects in the field of transport telematics are being implemented, and projects in the municipal infrastructure appear, but the share of the latter is not yet as significant as at the municipal level. These projects are mainly related to the sphere of treatment of MSW, which in our classification belongs to the communal.

It is likely that such interests will remain in the regions in the coming years. However, we do not exclude a moderate increase in the number of capital-intensive regional transport projects that will be able to receive federal support as part of the implementation of the comprehensive plan.

NATIONAL LIST OF PROSPECTIVE PROJECTS Municipal priorities

At the municipal level, almost two-thirds of concessions were concluded more expensively 100 million rubles. According to our calculations, this 204 concessions with total investment 259,3 billion rub.

Most of the municipal concessions (92 % Investment and 85 % In terms of quantity, it is in the public sector. Such projects are traditionally small in size: to the segment of 100 million rubles. up to 1 billion Rubles are 130 Municipal projects in the U.S. and only 34 The rest are more expensive 1 billion rub. However, municipal agreements can also be capital-intensive - for example, a concession for water supply and sanitation in Volgograd by volume (58 billion RUB) exceeds the largest concessions at the regional level.

The second most popular among municipalities is the concession to create social infrastructure. There are more than two dozen such projects, but their total volume is only 11,3 billion rub. Municipalities are focused mainly on projects in the field of education (schools and kindergartens) and recreation (parks, children's camps, baths, etc.).

Municipalities rarely participate in concessions in the transport sector. This is because, as a rule, they are even more limited in resources than the regions, and cannot provide the concessionaire with the capital grant that is needed in most such projects. Transport concessions at this level often involve, for example, the construction of parking lots and the creation of parking spaces, that is, they can relate to urban improvement. Also, municipalities, as a rule, do not have experience in organizing agreements in the telecommunications sector.

In terms of the number of concluded agreements, the regions with the most active municipalities are the Khanty-Mansiysk Autonomous Okrug, Novosibirsk, Vladimir, Moscow and Samara regions. In total, the concession experience in the project segment is more expensive than 100 million rubles, according to our estimates, municipalities have 52 regions out of 85. However, 23 of them concluded only one or two such agreements.

Figure 11. The most active regions among

Concessors of municipal level*

Volgograd Region

88,9

Saratov Region

14,3

Arkhangelsk Region

13,8

Krasnodar region

KhMAO

Vladimir Region

12,8

11,7

Nizhny Novgorod Region

10,9

> Amount of investment,

billion rub.

Number of projects,

Units

Moscow Region

Sverdlovsk region

Vologda Region

Kamchatka Krai

YaNAO

Novosibirsk Region

Leningrad Region

Perm Krai

Sakhalin Oblast

Voronezh Region

9,5

7,5

5,9

5,2

4,8

4,7

3,7

3,5

Altai Krai

Tula region

Irkutsk Region

Rostov Region

Chelyabinsk Region

Tambov region

Novgorod Region

Samara Region

Kirovskaya Oblast

Tatarstan

Kaliningrad Region

Yakutia

Bashkiria

2,4

2,3

2,1

1,5

1,1

Smolensk Region

1,1

Krasnoyarsk Krai

Orenburg Region

Tyumen Region

Kaluga Region

Kemerovo region

0,9

0,8

Astrakhan Region

0,7

Buryatia

Udmurtia

Amur Region

Kostroma region

0,6

0,5

Ryazan Region

0,5

Ulyanovsk region

Khabarovsk Krai

Khakassia

Altai Republic

Karachay-Cherkessia

Ivanovo Region

Lipetsk region

Transbaikalia

Pskov Oblast

Penza region

0,4

0,3

0,2

0,1

* Projects more than 100 million rubles, concluded within the framework of

115‑FZ to 31 December 2018.

Source: data from authorities, media, calculations and analysis of InfraONE Research

I. INFRASTRUCTURE REQUIREMENTS OF RUSSIA AND THE PROJECT MARKET Lead in the total volume of agreements municipalities of Volgograd region (88,9 billion Rub.). The rest of the regions are significantly smaller (less 15 billion RUR) and only in Saratov, Arkhangelsk, Vladimir, Nizhny Novgorod regions, KhMAO and Krasnodar region exceeds 10 billion rub.

The most popular area in the municipal sector is heat supply (see figure 11). In this area is almost 65 Agreements in the amount of 74,9 billion rub.

We believe that in the coming years, the interests of municipalities will not change significantly - the municipal industry will remain in the lead, but it is possible to increase the activity of concessionaires of this level in social and telecommunications infrastructures, in addition, several projects in urban transport can be launched. The greatest chances of this are in large cities.

How common are concessions in Russia?

In the year 2018, we assessed the development of various types of infrastructure in the Russian regions, as well as the availability of construction capacities in them. If we compare these data with the statistics of the concession market, it is clear that in the most developed entities provided with construction capacities, more public-private partnership projects have been launched than in the rest (see table 2).

According to our calculations, y 21 Experience in significant market segments (more expensive 100 At the regional and municipal levels, there is almost no money. The infrastructure in these subjects, as a rule, is also poorly developed - its development index in 15 of these 21 the Middle Russian Region (5,70). These regions are also characterized by weak development of the construction market - on average, in each region there are about ten companies with total turnover 28,1 billion RUB per year.

More from 25 The regions have a single experience in the implementation of concession projects - only one or two concluded agreements at the regional or municipal level. The distribution of the infrastructure development index is more even here - about half of the regions (13) It is smaller than the Russian average. These regions are also characterized by the fact that they do not have large and super-large construction companies. The average number of companies and their total volume of construction work 15 and 50 billion RUB per year.

The exception is Moscow, which has the highest infrastructure development index and the largest number of contractors. Despite the fact that large investment projects are being implemented on its territory, including federal ones, only two of them can be attributed to concession projects. Most of the projects the capital implements at its own expense, without attracting private investors.

Thus, we can say that more than half of the regions of the country - 46 out of 85 - experience in implementing concession projects is very small. Moreover, this can not always be attributed to the low need of the regions in this way of infrastructure development, as in the case of Moscow and a number of other territories.

For more information about how the index of infrastructure development of Russian regions was calculated and what was taken into account, see the analytical review "Infrastructure of Russia: Development Index".

Read more about the scale of regional construction markets in the analytical review "Investments in infrastructure. construction."

More often, these entities do not yet have the necessary competencies, or regions have just begun to be interested in project financing and public-private partnership.

However, the implementation of large infrastructure projects in such regions is also possible with a high cost of the project and the presence of interested investors and condensers of a higher federal level. An example of such a project is a concession for the construction of the Eleguest-Kyzyl-Kuragino railway in Tuva at a cost of 192 billion RUB, which is interested in engaged in the extraction of coal TEPK.

Table 2. Comparison of regional activity in the concession market with the level of development of their infrastructure

construction capacity in 2018

We assessed the activity of the regions in the concession projects segment (115‑FZ) more expensive 100 million rubles. at the regional and municipal levels (orders 300 of things). Data on the number of projects are not exhaustive, but reflect the situation as a whole and the degree of experience of the regions in the use of PPP tools. Within each category, regions are located as the number of projects decreases.

In assessing the development of infrastructure, the state of the transport, energy, social, municipal and telecommunications industries was taken into account.

To analyze the construction market of the regions, local companies with an annual turnover of more than 100 million rubles were taken.

in the region

projects

Number of

Number of regions in category

Average index

development

infrastructure

Average number of

construction

companies

construction

turnover

Average annual

billion rubles

market

>10

6,23

180,9

Moscow region, Khanty-Mansiysk Autonomous Okrug, Novosibirsk, Samara and Tambov regions

I. INFRASTRUCTURE NEEDS OF RUSSIA AND PROJECT MARKET

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Does development support projects or projects - development?

The remaining 39 regions have more tangible experience in infrastructure investment.

Three to five concessions over 100 Millions of Rubles 24 Here we can already say that regions or municipalities have managed to “try” this tool. In this — while the average in terms of the number of experience — segment, the share of regions with more developed than the average in Russia, the infrastructure increases to 60%. Higher average number of construction companies in the region — 27, The average annual turnover is already 91,9 billion rub. That is, a better developed market of contractors who will participate in the implementation of projects.

St. Petersburg fell into this category, the experience of which can nevertheless be called significant - it was in this city that the first infrastructure projects for the market were launched (for example, Western High-Speed Diameter, Pulkovo Airport). But they do not fall into the concession statistics, since they were launched under the regional PPP law.

From six to ten large concessions in ten regions, which, in our opinion, can be attributed to the advanced and active category of concession holders. More developed than the national average, the infrastructure is already observed in seven regions, and the average number of construction companies and their average annual turnover is even higher — 40 and 117 billion Rub. respectively.

Five federal subjects fall into the category of regions most actively using the concession mechanism (more than 10 projects): the Khanty-Mansi Autonomous Okrug and the Moscow, Tambov, Novosibirsk and Samara regions. Together, these regions account for almost 30% of the market by number of projects and around 20% by volume (excluding federal concessions). Their infrastructure development index is above the Russian average in every case. These regions have many construction companies with high turnover, with the exception of the Tambov region, whose leading position is due to a greater share of large utility projects.

The higher the region is in the infrastructure development index, the more experience it has in the concession sphere (despite the fact that the first participation in PPPs was not taken into account at all). The scale of the construction market is also significant - the presence of a large number of companies with high turnover in the region facilitates the implementation of projects and generally reflects the availability of funds for their launch.

I. INFRASTRUCTURE REQUIREMENTS OF RUSSIA AND THE PROJECT II MARKET. PROSPECTIVE INFRASTRUCTURE PROJECTS OF RUSSIA

Despite the fact that the market for infrastructure investments has been forming for several decades, there is still no single source in the country that would answer the questions: what projects are being prepared for launch, whether they will be implemented in public-private partnership formats and how much investment is expected.

We sought to record the state of the market and compiled a national list of promising projects, including the largest planned infrastructure projects in various PPP formats as of March–April 2019. How many of them have a strong chance of being launched?

National list of projects - "slice" of the infrastructure market

The national list of promising projects is a list of infrastructure projects that are being prepared in Russia and are expected to be launched in the coming years 1‑3 in one of the formats of public-private partnership. The list is based on the plans of federal, regional and municipal authorities to implement these projects.

It consists of two parts: tables 4, Where projects cost from 100 million rubles. up to 1 billion RUR, and more detailed passports of projects from 1 billion rub.

We thank all experts and specialists from federal and regional authorities and development institutions who helped in the preparation of the national list of promising projects.

Included in list 160 Projects with a total cost of almost 4 trillion rub. In our opinion, they have the best chance to start in the coming years. Three quarters of them — 120 projects - are planned to be implemented in the form of a concession for a period of time in the average order 21 years, including the investment phase, approximately 3,5 years. Most projects are planned at the regional level on a public initiative within the framework of classical competitive procedures. Average investment in the project — 25 billion rouble, and prospective investors, with rare exceptions, have not yet been determined.

The proportion of small (from 100 million rubles. up to 1 billion Rs.) and large (from 1 billion The projects planned to be launched are not equal: 64 Against 96 respectively. Almost all investments (99,5 %) will be done in the framework of projects over 1 billion RUB, with the main share of investments — 2,5 trillion rub. (63,1 %) — will be on 6 % the Largest Projects 100 billion rub. (see picture 14).

More than half of all projects — 62,5 % — belong to the most common areas (housing, roads, health, education, physical education and sports), and 52,5 % of all projects are implemented in the European part of Russia: the Central, North-West and Volga Federal Districts.

According to our estimates, the average readiness of projects to launch is 2,3 a Scale Score 1 to 5, where 5 points - maximum. Closest to launching everything 18,1 % projects: their potential is evaluated on "4the " Black and White "5". This means that from the signing of the concession agreement they are separated by a tender and the finalization of a package of investment documents.

NATIONAL LIST OF PROSPECTIVE PROJECTS Figure 13. Average parameters of national list projects

Project

How to implement the concession in the framework of classical competitive procedures

The alleged investor

Not defined

Term of Agreement* 22

Investment phase 3,6

Project launch potential

2,3 / 5,0 points

Investments 25 billion rub.

Level

Regional

Launched as a result of a public initiative

Sphere

Health, education, physical education and sports, housing and communal services or roads in the European part of Russia

* For all project formats (concession, PPP, DIS, etc.).

Source: InfraONE Research analysis and calculations

Figure 14. Distribution of investments and number of projects depending on their value

? Investment volume, billion rub. ? Number of projects, pcs.

1361,2

1162,1

688,1

602,1

3,1

6,8

12,1

85,4

78,8

0,1

0,2

0,5

100

500

Source: InfraONE Research analysis and calculations

> 500 billion rub.

II. PROSPECTIVE INFRASTRUCTURE PROJECTS OF RUSSIA Table 3. Draft national list by industry: number, investment, launch potential

? Investment volume, billion rub. ? Number of projects, pcs.

POTENTIAL STARTING

TOTAL

66,2

TRANSPORTATION

Seaports

Rope roads

Railways

Urban transport

Airports

Highways

Heat supply

COMMUNAL

Water supply and sanitation

Ecology and recycling of solid waste

906,2

86,9

27,2

336,8

3,3

3,2

1,1

Physical Culture and Sports

34,0

Tourism

Ritual services

Recreation

SOCIAL

Education

Culture

Health care

Gerontological infrastructure

Improvement

0,3

5,0

9,1

18,7

18,1

1,0

1,5

ENERGY

Electric Power

TELECOMMUNICATION

Transport telematics

OTHER

Agriculture

0,5

15,7

17,0

847,4

2,0

0,9

1,7

4,1

1,5

9,0

14,8

0,8

3,2

14,5

288,6

2,0

10,2

11,6

0,3

6,6

3,2

18,4

171,0

621,8

6,7

199,7

7,4

2,4

1,1

2,1

0,5

0,1

3,2

53,3

32,3

36,2

0,2

1,4

4,0

0,5

0,1

237,2

3,2

1528

162,6

290,7

1516,4 35

7,3

15,1

36,8

4,1

0,5

6,9

2,3

1,5

0,1

21,9

57,3

3738

14,5

36,9

157,4

0,1

66,7

0,6

TOTAL

1453

984,1

355,2

1075,8

131,6

3999,8 160

Source: InfraONE Research analysis and calculations

NATIONAL LIST OF PROSPECTIVE PROJECTS

TRANSPORTATION

847,4

COMMUNAL

Water supply and sanitation

Ecology and recycling of solid waste

Physical Culture and Sports

34,0

Seaports

Rope roads

Railways

Urban transport

Airports

Highways

Heat supply

Tourism

Ritual services

Recreation

Culture

Health care

Gerontological

infrastructure

Improvement

906,2

86,9

27,2

336,8

3,3

3,2

1,1

0,3

5,0

9,1

18,7

18,1

1,0

1,5

66,2

15,7

17,0

2,0

0,9

1,7

4,1

1,5

9,0

14,8

0,8

3,2

SOCIAL

Education

ENERGY

Electric Power

TELECOMMUNICATION

Transport telematics

OTHER

Agriculture

0,5

Source: InfraONE Research analysis and calculations

POTENTIAL STARTING

TOTAL

The potential for launching each of the 160 projects of the national list was estimated on a scale from 1 to 5. “1” is the least launch readiness, meaning that the project is still at the concept level, is not discussed publicly or, in our assessment, has low commercial efficiency and can be postponed indefinitely. The highest score - "5" - assigned to projects that separate from the launch of the competition or only the signing of the agreement.

14,5

288,6

2,0

10,2

11,6

0,3

6,6

3,2

18,4

171,0

621,8

6,7

199,7

7,4

2,4

1,1

2,1

0,5

0,1

3,2

53,3

32,3

36,2

0,2

1,4

4,0

0,5

0,1

3738

237,2

3,2

1528

162,6

290,7

1516,4 35

7,3

14,5

36,9

15,1

36,8

4,1

0,5

6,9

157,4

21,9

57,3

2,3

1,5

0,1

66,7

0,6

TOTAL

1453

984,1

355,2

1075,8

131,6

3999,8 160

II. PROSPECTIVE INFRASTRUCTURE PROJECTS OF RUSSIA

How we selected infrastructure projects in the national list

When preparing the national list of promising projects, we used data provided by federal (Ministry of Economic Development, Ministry of Transport, Ministry of Eastern Development, Ministry of Sport, Ministry of Culture, Ministry of Construction, Ministry of Education, Ministry of Health) and regional authorities, data portals of authorities, regional investment portals, portal on conducting trades (torgi.gov.ru), transport strategy of Russia to 2030 year, the state program "Development of the transport system", a list of major projects with state participation, an explanatory note to the budget for 2019-2021 years, public materials of the Avtodor Group of Companies (data of the portal www.russianhighways.ru, the long-term program of the state company to 2021 Annual and Quarterly Reports and Media Data.

We reviewed more than 1 thousand projects. Of the more than 350 pre-selected projects, only 160 were rated by us as the most realistic and with a high chance of launching in the coming years (see figure 15).

The potential for launching each of the 160 projects of the national list was estimated on a scale from 1 to 5. At the same time, "1" is the lowest degree of readiness for launch, meaning that the project is still at the level of

Figure 15. Matrix of projects that have been pre-selected to the national list

FOR THE FURTHER PERSPECTIVE

LAUNCH

TIMING

More than 3 years

16 projects

37,6 billion rub.

42 Project

584,6 billion rub.

UNREALIST

High

Low

NUMBER OF NATIONAL LIST

160 projects

3999,8 billion rub.

1453

984,1

1075,8

355,2

131,6

LAUNCH POTENTIAL

1-3 years

141 project

184,9 billion rub.

SMALL PERFORMANCE

CHANCES OF IMPLEMENTATION

? Investment volume, billion rub. ? Number of projects, pcs.

Source: InfraONE Research analysis and calculations

The National List of Prospective Concepts is not discussed publicly or, in our estimation, has low commercial efficiency and can be postponed indefinitely. The highest score - "5" - assigned to projects that separate from the launch of the competition or only the signing of the agreement.

According to our estimates, another 141 project could be included in the list, but has not yet been finalized, and the return on investment in these projects in its current form is in doubt. In contrast, 16 projects have a high chance of launching, but only in the longer term - beyond the next three years. There was no further selection for all parameters of 42 project. This group includes mainly “unrealistic” initiatives, which have long been discussed in the regional market, but for various reasons are postponed. As a rule, they are unattractive to investors and are unbearable for regional and municipal budgets.

The 16 projects classed as “long-term prospects” have a greater chance of being included in the national list in future than those deemed “unattractive”. In the first group, ⅔ of the total are healthcare projects and almost ⅓ are urban transport projects, mostly tram lines. These projects are quite expensive for regions and municipalities, generally costing more than 2-3 billion roubles, and may be implemented under Federal Law 115-ФЗ. Launching them, however, requires substantial revision of the terms for transferring facilities into concessions and, most often, a capital grant from the grantor. In our view, these problems can be resolved in the long term.

The group of "malopryvalnye" - the largest - includes small projects in various fields (32% by the number of housing and communal services projects, 21 % - physical education and sports, 9 % - improvement, 6 % - cultural and road, another quarter - projects of other industries, from river infrastructure to gerontology). We believe that they have little chance of being implemented under the concession due to low traffic and, consequently, poor payback. Most of them are likely to be financed from budget funds, and some of them will have to be abandoned.

Information "noise" in the regions

Regional and municipal projects in various PPP formats are the largest segment of the market in terms of the number of projects, so when selecting projects, we relied primarily on official lists of objects (or projects) in respect of which the regions plan to conclude concession agreements. This information should be contained on the portal on bidding (torgi.gov.ru) - the official resource for publishing concession tenders, portals of regional executive authorities responsible for conducting economic and investment policy, as well as on investment portals of regions.

We are faced with the fact that only some regions regularly publish and update information on PPP projects, while many do not do so or post incorrect or outdated information on websites.

II. PROSPECTIVE INFRASTRUCTURE PROJECTS OF RUSSIA INFORMATION. Out of 85 subjects, no more than 31 % have published up-to-date and comprehensive information. Another part of the regions - about 26 % - under the guise of projects planned for implementation in 2019 (or in the near future) published investment proposals, rather than projects ready for implementation. All initiatives in them are still at the concept level and are designed to provide investors with initial knowledge of the needs of the subject.

The latter is explained by the desire of the regions to fill the “vacuum” of projects ready for financing. As a result, this distorts the real picture of the infrastructure market and does not allow you to see its most problematic places (there are cases when out of several hundred projects declared by the region, not one was ready). Often, regions try to “take the quantity”: in this case, objects — as a rule, the housing and utilities sector — are divided into many small ones, and for each of them they “plan” to conclude a concession. In some cases, their number may exceed several thousand.

To verify the submitted or receive the missing data, we contacted the authorities and development institutions of all 85 regions. In 16 cases, we received the necessary data on projects, in two we found out that the regions do not expect the launch of projects. Several entities found that with published lists, none of the projects could in fact be considered ready to launch.

Not all regions were able to answer our questions (14 subjects did not respond to requests), and some sent formal non-informative answers (two regions).

A telephone survey and correspondence with specialists of the executive authorities of the regions, as well as development corporations overseeing the development of PPP projects, showed that there is often no consistency between organizations in the course of developing investment projects: one of the parties may not know about specific concession facilities and the stage of development of the project, or even about the industries to which these facilities belong.

We did not study municipal resources, as we considered it impossible to reliably aggregate disparate and diverse information across all municipalities in the country. Municipal projects were included in the national list if data on them were presented on regional resources or if such projects were widely covered by the media.

NATIONAL LIST OF PROSPECTIVE PROJECTS National list of promising projects

The national list of promising projects is a list of infrastructure projects that are being prepared in Russia and are expected to be launched in the next 1-3 years in one of the formats of public-private partnership. The list is based on the plans of federal, regional and municipal authorities to implement these projects. For a more detailed description of the methodology, see "How we selected infrastructure projects for the national list".

Passport numbering is done for ease of navigation and is not a ranking.

Project scope

Project level

Railways

Physical Culture and Sports

Highways

Airports

Seaports

Urban transport

Rope roads

Culture

Education

Recreation

Tourism

Utilities

Transport telematics

Ecology and recycling of solid waste

Health care

Creation of HSR Moscow — Kazan on the railway — Gorokhovets

One of the largest projects planned for implementation in the coming years, and among the first - in the field of construction of high-speed railways. Length of this section — 301 Kilometers If additional funding is attracted, the comprehensive plan allows its extension to Kazan. The cost of the project will increase to 1,7 trillion The length of the path is up to 790 Kilometers The speed of trains on the route will be 360 km/h It is expected that the total increase in GRP for ten years of operation of the HSR will be 9,3 trillion rub.

Federal

Regional

Municipal

Launch potential

The lowest level of launch readiness at which the project is at the concept level is not discussed publicly or has a low commercial efficiency and can be postponed indefinitely

The project has a high chance of launching in the near future, a competition is being prepared for it, it is being held, or its results have already been summed up.

Region Moscow and Vladimir regions

Format of the Agreement Concession agreement

Term of the agreement, years n/d

Public partner Roszheldor

Investment stage, years 5

Applicants for the n/a project

The cost of the project, billion rub.

621,8

Percentage of extrabudgetary funds

68%

Launch potential

The project has been discussed for many years and is well developed. The final decision on the launch can be made before the end of the year.

II. PROSPECTIVE INFRASTRUCTURE PROJECTS OF RUSSIA 2

Khabarovsk Krai Region, Sakhalin Region

Construction of the railway line Selikhin — Nysh with the crossing of the Nevelsky Strait

Construction of the transition from mainland Russia to Sakhalin, which will provide rail infrastructure freight transportation in the amount of up to 36,9 million tons per year. One of the options under consideration for the concession agreement assumes that the length of the railway will be 585 km.

The cost of the project, billion rub.

540,3

Format of the Agreement Concession agreement

Term of the agreement, years n/d

Public partner Roszheldor

Investment stage, years 5

Applicants for the n/a project

Launch potential

Design and survey work on the construction of access roads to the future transition should be completed in the summer of 2019. Three options for the concession object are considered.

Region Moscow, Vladimir, Nizhny Novgorod regions, Chuvashia, Tatarstan

Construction of sections of the highway Moscow — Nizhny Novgorod — Kazan

The highway is expected to be broken up into six sections: Moscow - Vladimir - Murom - Arzamas - Sumerla - Kanash - Shali, estimated length from 80 km to 170 km. The project is part of a comprehensive plan and is key to the development of the Europe-Western China corridor.

The cost of the project, billion rub.

539,6

Percentage of extrabudgetary funds

40%

Contractual agreements or long-term investment agreements

Term of the agreement, years n/d

Public partner of Avtodor Group of Companies

Investment stage, years 5

Applicants for the n/a project

Launch potential

Formally formed sections of Europe - Western China have not yet appeared anywhere, there is a possibility that the concept of the project will be revised. In the statistics on the national list of projects, we took them into account as different projects.

NATIONAL LIST OF PROSPECTIVE PROJECTS 4

Region Chelyabinsk and Sverdlovsk regions

Creation of Chelyabinsk — Ekaterinburg HSR

The project is a double track HSR with a length of 220 km. The railway will reduce the travel time from Chelyabinsk to Yekaterinburg from 4-5 hours to one hour and should unite the regional centers and regional airports of Balandino and Koltsovo.

The cost of the project, billion rub.

365,9

Format of the Agreement Concession agreement

Term of the agreement, years n/d

Public partner Roszheldor

Investment stage, years 5

Applicants for Siemens, RDIF

Launch potential

HSR is included in the strategy of spatial development of Russia until 2025. Project at the initial stage of development.

Region Moscow

Domodedovo Airport Development

Construction of two new modules of the passenger terminal, runway No. 3, reconstruction of runway No. 2 and aprons. It is expected that the growth of passenger traffic of the airport by 2037 will amount to 70 million people and reach 102,2 million people per year.

The cost of the project, billion rub.

199,7

Percentage of extrabudgetary funds

100%

Method of return on investment Surcharge to the take-off-landing tariff

Format of the Agreement Concession agreement

Term of agreement, years 54

Public partner of Rosaviatsia

Investment stage, years n/d

Applicants for the project "Domodedovo International Airport" LLC

Launch potential

The project is in the process of agreeing on the details of the agreement.

II. PROSPECTIVE INFRASTRUCTURE PROJECTS OF RUSSIA 6

Region Krasnodar region

Establishment of the dry cargo area of the seaport of Taman

According to the project, the capacity of the port should be 91,5 million tons per year. As part of the concession agreement, the main infrastructure will be built by the management company RMP-Taman, in particular, it will take over berths, an approach channel, protective structures and shore protection, artificial land plots. The project also provides for the construction of seven terminals with a total cargo turnover of 66,94 million tons.

The cost of the project, billion rub.

171

Percentage of extrabudgetary funds

100%

Format of the Agreement Concession agreement

Term of the agreement, years n/d

Public partner Rosmorrechflot

Investment stage, years 5

Applicants for the project are several groups of investors

Launch potential

Discussions on the expansion of the port have been ongoing since 2013. In 2014 Glavgosexpertiza gave a positive conclusion to the project, but the priority in the construction was given to the Crimean bridge. The project is in the stage of adjusting the project documentation.

Region Saint Petersburg

The creation of a high-speed highway with a bridge over the Neva River in the creation of Fayansovaya-Zolnaya streets in St. Petersburg

Design and construction of the city expressway, which will pass along the northern railway semi-circle along Krasnogvardeysky, Nevsky, Frunzensky, Moscow, Kirovsky districts. A bridge crossing is provided through the Neva in the creation of Zolnoy and Fayansovoy streets. Width of carriageways from six to eight lanes (from 30 m to 42 m). The main part of the highway will pass on flyovers at the second level, will relieve the city’s street and road network as a whole and the nearest bridges across the Neva.

The cost of the project, billion rub.

156

Format of the Agreement Concession agreement

Term of agreement, years 15

Public partner n/d

Investment stage, years n/d

Applicants for the n/a project

Launch potential

The project is in the initiation stage. A town-planning justification has been developed, a financial model and an organizational and legal scheme for implementation are being worked out.

NATIONAL LIST OF PROSPECTIVE PROJECTS 8

Region Samara region

Construction of Togliatti bypass with a bridge across the Volga

Construction of the bypass of Togliatti with a bridge over the Volga in the area of the village of Klimovka - a section of the road with a length of 100 km and a bridge crossing with a length of 3,7 km. The bridge will include four lanes with an estimated speed of 120 km/h. The project is being implemented as part of the creation of the Europe-Western China transport corridor.

The cost of the project, billion rub.

130

Format of the Agreement Concession agreement

CHKI

Term of the agreement, years n/d

Public partner n/d

Investment stage, years 4

Applicants for the n/a project

Launch potential

In 2018 Glavgosexpertiza agreed on the project. In the middle of 2019th is expected to serve the Cheka. The planned commissioning date of the facility is September 2023 years.

Region Yakutia

Construction of a bridge across the Lena in the Yakutsk area

Construction of the first bridge across the Lena in Yakutsk. Its opening should increase the volume of cargo transportation three times, to 6 million tons per year, and the growth of the region’s GRP may reach 2,5-3 %. The bridge crossing will allow connecting the Trans-Siberian and Baikal-Amur Mainline and the Northern Sea Route, as well as the federal routes "Lena", "Kolyma" and "Vilyui", connecting Eastern Siberia with the ports of the Sea of Okhotsk.

The cost of the project, billion rub.

Format of the Agreement Concession agreement

Term of the agreement, years n/d

Public partner n/d

Investment stage, years 5

Applicants for the n/a project

Launch potential

Due to the high cost and lack of economic efficiency, the project continues to be discussed. If a positive decision is made, the development of design estimates will be started in 2019.

II. PROSPECTIVE INFRASTRUCTURE PROJECTS OF RUSSIA 10

Primorsky Krai Region

Construction of the Vladivostok Ring Road (VKAD)

WCAD will stretch along the Amur Bay. Travelling on the road long 22,6 KM is paid for by the $1-4 Depending on the length of the route. The estimated speed will be 80 km/h, expected traffic flow — 70-85 Thousands of vehicles per day. The project is divided into five stages, the priority will be the construction of a new bridge to Russky Island through the Egersheld extremity.

The cost of the project, billion rub.

Format of the Agreement Concession agreement

Term of the agreement, years n/d

Public partner n/d

Investment stage, years n/d

Applicants for the project There is interest from Chinese investors

Launch potential

The construction of the ring road is divided into several stages. The first of them passed technical study and calculation of the financial model for potential investors.

Region Yanao

Construction of four icebreakers on liquefied natural gas

Construction of icebreakers to provide icebreaker fleet services - year-round LNG shipment from the seaport of Sabetta.

The cost of the project, billion rub.

66,2

Format of the Agreement Concession agreement

Term of the agreement, years n/d

Public partner Rosmorrechflot

Investment stage, years 5

Applicants for the n/a project

Launch potential

The project to create an icebreaker for LNG from 2017 is being carried out by the Finnish bureau Aker Arctic Technology. Since April 2019, the issue of construction of four icebreakers with commissioning until 2023 is being worked out.

NATIONAL LIST OF PROSPECTIVE PROJECTS 12

Region The project has no territorial connection

Creation of a federal automated weight control system

The project of the automated system of weight and size control (ASVGC) involves the construction, installation and maintenance of 359 control points by 2024 (28 points have already been established). ASVGK should solve the problem of violation of weight and overall parameters on federal highways, increase the service life of road coverage and improve road safety.

The cost of the project, billion rub.

63*

* 63‑64 billion RUB (according to InfraONE Research based on data on payment

Format of the Agreement Concession agreement

CHKI

Term of agreement, years 11,6

Public partner of Rosavtodor

Investment stage, years 1

Applicants for the project "RT-Invest Transport Systems", "Rostelecom"

The project is in the process of preparation and structuring of the competition. The Ministry of Transport expects that the competitive procedures will be completed by the IV quarter of 2019.

the concessionaire).

Launch potential

Reconstruction of the section of the highway M-1 "Belarus"

Reconstruction of the road at the site 33- Hey — 84- miles away. The transport corridor passes through the territory of the Moscow and Smolensk regions and connects Moscow and Minsk. The project involves first of all the reconstruction and commissioning of the site 33- Hey — 79km, construction 4-6 lanes for the toll section of the route and the projected traffic intensity more 20 Thousands of vehicles per day (forecast 2027 year).

The cost of the project, billion rub.

Percentage of extrabudgetary funds

10%

Launch potential

A competition is planned for 2020.

Region Moscow region

Format of the agreement Long-term investment agreement

Term of agreement, years 30

Public partner of Avtodor Group of Companies

Investment stage, years 4

Applicants for the n/a project

II. PROSPECTIVE INFRASTRUCTURE PROJECTS OF RUSSIA 14

Region Altai Krai

Construction of the bypass of Barnaul

The project "Southern bypass of Barnaul" includes the construction of a road with a length of more than 68 km with an estimated speed of 100 km / h and the construction of a bridge across the Ob. The estimated traffic intensity on the bridge will be up to 25 thousand cars per day. The road will stretch through three districts of the Altai Territory: Pervomaisky, Pavlovsky and Kalmansky.

The cost of the project, billion rub.

Format of the Agreement Concession agreement

Term of the agreement, years n/d

Public partner n/d

Investment stage, years n/d

Applicants for the n/a project

Launch potential

Glavgosekspertiza gave a positive opinion to the project.

Region Chelyabinsk region

Construction of the Satka — Miass road

Construction of the first toll road in the Ural Federal District-dubbler of the high-emergency section of the M-5 highway between Miass and Satka. The length of the road section is 80,1 km. The four-lane track will cut travel time by half, to 35 minutes for passenger cars and 45 minutes for heavy trucks. The estimated speed of movement on the site is 120 km / h.

The cost of the project, billion rub.

52,1

Percentage of extrabudgetary funds

39%

Format of the Agreement Concession agreement

Term of agreement, years 29

Public partner n/d

Investment stage, years 5

Applicants for the project There is a potential investor

Launch potential

A preliminary financial model has been developed, a feasibility study is being developed. The signing of the agreement is planned for 3Her neighborhood 2019 years.

NATIONAL LIST OF PROSPECTIVE PROJECTS 16

Region Moscow, Moscow and Kaluga regions

Reconstruction of the section of the highway M-3 "Ukraine"

Reconstruction, maintenance, repair, overhaul and operation on a toll basis of the M-3 "Ukraine" in the direction from Moscow through Kaluga, Bryansk to the border with Ukraine (to Kiev) on the site 65- Hey — 124- km length 58,8 Kilometers After the reconstruction of the road 65- on 107The remaining six miles will be covered by the 107- on 124The km will be four-lane. The estimated speed of movement will be 120 km/h The project involves the installation of road signs and LED lighting, marking and construction of multifunctional service areas.

The cost of the project, billion rub.

45,2

Percentage of extrabudgetary funds

10%

Launch potential

A competition is planned for 2020.

Format of the agreement Long-term investment agreement

Term of the agreement, years n/d

Public partner of Avtodor Group of Companies

Investment stage, years 4

Applicants for the n/a project

Region Saint Petersburg

Creation of a tram network along the route metro station "Kupchino" — village Shushary — Slavyanka in St. Petersburg

The project of the high-speed tram line involves the construction and operation of tramways with a length of 21 km and all the necessary infrastructure, as well as the organization of passenger transportation. The tram line should improve the transport accessibility of the village of Shushara and the Slavyanka microdistrict and reduce the transport load on the Pushkin district street and road network.

The cost of the project, billion rub.

Format of the Agreement Concession agreement

Term of agreement, years 30

Public partner Investment Committee of St. Petersburg

Investment stage, years 3

Applicants for the project LLC "BaltNedvigService"

Launch potential

In May 2018 the winner of the contest was determined. The agreement is expected to be signed in the coming months.

II. PROSPECTIVE INFRASTRUCTURE PROJECTS OF RUSSIA 18

Region Krasnodar region

Construction of the far western bypass of Krasnodar

Construction of a section of the transport corridor that will connect the Krasnodar-Temryuk highway - White Farm and the federal highway M-4 "Don". The road with a length of 52,6 km with four lanes should relieve traffic towards Crimea and Sochi on the approach to Krasnodar. The estimated speed will be 120 km / h. The project also includes the construction of three transport interchanges, four bridges and ten overpasses.

The cost of the project, billion rub.

Percentage of extrabudgetary funds

50%

Format of the Agreement Concession agreement

Term of agreement, years 28

Public partner of Avtodor Group of Companies

Investment stage, years 4

Applicants for the n/a project

Launch potential

The project is in the design stage. A competition is planned for 2019.

Region Kaliningrad region

Construction of a bridge across the Gulf of Kaliningrad

The bridge will become part of the Primorsky Ring, which is planned to be built to the cities of Svetly and Baltiysk. It will connect the neighborhoods of A. Kosmodemyansky and pos. Highway. The project assumes that travel on the bridge will be paid, the tariff for passenger cars will be 13,54 rubles. and 43,44 rubles. for different types of trucks, buses and tourist coaches.

The cost of the project, billion rub.

35,2

Percentage of extrabudgetary funds

100%

Format of the Agreement Concession agreement

Term of agreement, years 28,25

Public partner Ministry of Infrastructure Development of Kaliningrad Region

Investment stage, years n/d

Applicants for the project LLC "Tenth Concession Company"

Launch potential

In 2018 the technical and financial model of the project was developed. In June 2019 the results of acceptance of applications for participation in the competition will be summed up.

NATIONAL LIST OF PROSPECTIVE PROJECTS 20

Region Tula region

Construction of a toll road connecting M-2 "Crimea" and M-4 "Don"

The project for the construction of a toll road between the federal highways M-2 "Crimea" and M-4 "Don" in the Tula region. The length of the new four-lane route will be 70 km. It will become a backup of the Tula-Novomoskovsk road, which connects two large industrial centers of the region, works with overloading and with high accident rate on the site.

The cost of the project, billion rub.

33,8

Format of the Agreement Concession agreement

Term of the agreement, years n/d

Public partner n/d

Investment stage, years 4

Applicants for the n/a project

Launch potential

A feasibility study is being developed for the project.

Region Moscow

Development of Vnukovo Airport

Construction and reconstruction of the platform with the parking lot of aircraft, the perimeter road section, taxiways and additional parking spaces for aircraft such as Boeing-777-300 and Airbus A380, including racing. The airport’s passenger traffic is expected to increase to 19,7 million people by 2030.

The cost of the project, billion rub.

32,3

Percentage of extrabudgetary funds

100%

Format of the Agreement Concession agreement

Term of agreement, years 48

Public partner of Rosaviatsia

Investment stage, years n/d

Applicants for the project of JSC "International airport "Vnukovo"

Launch potential

The project is in the process of agreeing on the details of the agreement.

II. PROSPECTIVE INFRASTRUCTURE PROJECTS OF RUSSIA 22

Region Saint Petersburg

Reconstruction of the sports and concert complex "Petersburg" in the Moscow district of St. Petersburg

Carrying out works on design, reconstruction and construction within the framework of creating a sports and concert complex with an ice arena on the basis of the St. Petersburg complex. The capacity of the facility will be 20 thousand spectators. The project involves the subsequent operation of the building and the surrounding area.

The cost of the project, billion rub.

31,7

Format of the Agreement Concession agreement

Term of agreement, years 60

Public partner n/d

Investment stage, years n/d

Applicants for the project LLC "SKA Hockey Club"

Launch potential

Project under development.

Region Astrakhan region

Construction of the Northern bypass of Astrakhan

The project of the Northern bypass of Astrakhan involves several road junctions and a two-tier bridge across the Volga. It is planned that on the lower level will be moving towards Moscow, on the upper level - towards Atyrau (Kazakhstan). The total length of the bridge will be 1,8 thousand meters, the length of the bypass is more than 12 km.

The cost of the project, billion rub.

Format of the n/a agreement

Term of the agreement, years n/d

Public partner n/d

Investment stage, years n/d

Applicants for the n/a project

Launch potential

The design of the Volga crossing is completed. Then the project must pass the examination.

NATIONAL LIST OF PROSPECTIVE PROJECTS 24

Region Voronezh region

Construction of light rail metro in Voronezh

The project of construction of a light metro with a length of 19,5 km with 18 stops. 35 trains will be required to service the line. Annual passenger traffic will be 24,2 million people, the average daily — 66,4 thousand.

The cost of the project, billion rub.

Percentage of extrabudgetary funds

40%

Format of the Agreement Concession agreement

Term of the agreement, years n/d

Public partner n/d

Investment stage, years n/d

Applicants for the n/a project

Launch potential

The project is in the process of developing a feasibility study.

Region Omsk region

Reconstruction of the airport Omsk-Fedorovka (transfer Omsk-Central)

The project involves the construction of a new airport Omsk-Fedorovka with a capacity of 1,2 million passengers per year (and growth potential up to 2-3 million) in 15 km from the city. The existing Omsk-Central airport will be closed and will release 650 hectares for commercial development. The transfer of the airport will also improve the situation with noise pollution and the environment in the city.

The cost of the project, billion rub.

27,2

Percentage of extrabudgetary funds

39%

Format of the Agreement Concession agreement

Term of the agreement, years n/d

Public partner n/d

Investment stage, years n/d

Applicants for the project "Novaport" and "Airports of regions"

Launch potential

Another resumption of the construction of the airport was planned as early as 2014, but the region was not able to attract enough funds. The project is in the process of developing a concession agreement with a potential investor.

II. PROSPECTIVE INFRASTRUCTURE PROJECTS OF RUSSIA 26

Region Nizhny Novgorod region

Development of Nizhny Novgorod Metro

Construction of the metro line to the station "Sennaya". The project will include two new metro stations (Opera Theater and Sennaya) and dead ends for rolling stock turnover behind Sennaya station. The length of the two races will be more than 2 km. The construction period of the two stations is estimated at 42 months, and with the preparation of the territory - 63 months.

The cost of the project, billion rub.

Format of the Agreement Concession agreement

Term of the agreement, years n/d

Public partner n/d

Investment stage, years n/d

Applicants for the n/a project

Launch potential

The project is under development. Documentation on the planning of the territory for the construction of the metro station "Sennaya".

Region Moscow region

Construction of a new exit to the Moscow Ring Road (bypasses of Balashikha and Noginsk)

Construction of a new exit to the Moscow Ring Road (km 60) the M - road7 "Volga" in the areas of bypass Balashikha and Noginsk length 21,8 Kilomile.

The cost of the project, billion rub.

Percentage of extrabudgetary funds

30%

Format of the agreement Long-term investment agreement

Term of the agreement, years n/d

Public partner of Avtodor Group of Companies

Investment stage, years 4

Applicants for the n/a project

Launch potential

To prepare the project in 2018 The Ministry of Transport ordered the seizure of land in Balashikha and near the village of Pavlino. The competition is scheduled for 2019‑2020 years.

NATIONAL LIST OF PROSPECTIVE PROJECTS 28

Region Saint Petersburg

Organization of passenger railway communication from Vitebsk railway station to Pulkovo airport in St. Petersburg

The launch of the Aeroexpress to Pulkovo Airport involves the organization of high-speed rail passenger service along the route Vitebsksky Station - Kupchino Metro Station - Pulkovo Airport. Vitebsk station is chosen as the end point of the line, as it is a major public transport hub of all directions and is located at the intersection of two subway lines. In walking distance from it are hotels and organized parking. Passenger traffic of Pulkovo Airport is projected at 23,7 million people per year by 2025 and 33,7 million people per year by 2035.

The cost of the project, billion rub.

18,9

Format of the Agreement Concession agreement

Term of the agreement, years n/d

Public partner n/d

Investment stage, years 11

Applicants for the n/a project

Launch potential

The project of transport communication with Pulkovo airport is actively discussed, but the option in favor of aeroexpress is not final.

Region Omsk region

Construction of the Tobolsk-Tara-Tomsk road

The new section of the route with a length of 430,5 km will pass through the territory of the Omsk region. He will connect the Tyumen, Omsk and Tomsk regions and become a backup of federal highways. The road should reduce the overrun of vehicles and unload part of the roads in the Omsk region.

The cost of the project, billion rub.

18,5

Format of the Agreement Concession agreement

Term of the agreement, years n/d

Public partner n/d

Investment stage, years n/d

Applicants for the n/a project

Launch potential

The project is under development.

II. PROSPECTIVE INFRASTRUCTURE PROJECTS OF RUSSIA 30

Region Sakhalin region

Creation of a multifunctional cultural center in Yuzhno-Sakhalinsk

Construction of the new building is planned on the site of the Yuzhno-Sakhalinsk Officers’ House (the building was demolished in 2018). The center will be equipped with symphonic music halls for 900 seats, choreography, as well as a theater and variety hall for 1,5 thousand seats.

The cost of the project, billion rub.

17,7

Format of the PPP Agreement

Term of agreement, years 20

Public partner n/d

Investment stage, years 3

Applicants for the project GC "VIS"

Launch potential

Project in the stage of structuring and coordination of technical parameters. The agreement is expected to be concluded in September 2019.

Region Moscow region

Construction of a connecting road from M-4 "Don" to Domodedovo airport

Construction of a four-lane connecting road from M-4 "Don" to Domodedovo Airport 5,8 Kilometers The project includes the reconstruction of the access road to the airport 1,17 Kilomile (4-8 construction of artificial structures on the connecting road. The estimated speed will be 120 km/h Free alternative travel is provided on the A-105.

The cost of the project, billion rub.

17,3

Percentage of extrabudgetary funds

90%

Format of the Agreement Concession agreement

CHKI

Term of agreement, years 30

Public partner of Avtodor Group of Companies

Investment stage, years 3

Applicants for the project "Domodedovo International Airport" LLC

Launch potential

In 2015, the documentation on the planning of the territory was prepared, but the project was suspended. In 2018 GC Avtodor resumed work on it, created together with Domodedovo SEC, and in 2020 should prepare a feasibility study of the project and hold a competition.

NATIONAL LIST OF PROSPECTIVE PROJECTS 32

Region Belgorod region

Transfer to concession of water supply and sanitation facilities of the Belgorod region

The project involves a comprehensive centralized modernization and operation of the water supply and sewerage industry throughout the region. It will include all state water supply and sanitation facilities with the exception of Starooskolsky, Gubkinsky urban districts and Prokhorov district.

The cost of the project, billion rub.

17*

* Including capital and operating costs. By Other

The projects are only investments at the investment stage.

Format of the Agreement Concession agreement

Term of agreement, years 15

Public partner Department of housing and communal services of Belgorod region

Investment stage, years n/d

Applicants for the Belvodokanal project

Launch potential

The project is in the process of drafting a concession agreement. The region forms a pool of facilities that will be transferred to the concession.

Region Leningrad region

Reconstruction of Siversky Airport

The creation of the airport on the basis of the military airfield Siversky, built in 1937. The concept of phased development of the airport involves the construction of a cargo hub at the first stage, infrastructure for small commercial aviation at the second stage, then it is planned to create a base for low-cost companies. The projected passenger traffic of Siversky can reach 1,5 million people per year.

The cost of the project, billion rub.

Format of the Agreement Concession agreement

Term of the agreement, years n/d

Public partner n/d

Investment stage, years n/d

Applicants for the n/a project

Launch potential

The project is under development. The Ministry of Defense is preparing an agreement on the transfer of the airfield to the property of the Leningrad region.

II. PROSPECTIVE INFRASTRUCTURE PROJECTS OF RUSSIA 34

Region Saint Petersburg

Creation of high-speed tram lines from Yuzhnaya metro station (Shushary) to Kolpino in St. Petersburg

The tram line will connect Kolpino with the St. Petersburg metro. The project involves the construction and operation (maintenance) of tramways with a length of 18,7 km, contact and cable networks, tram depot, main technological equipment and rolling stock (22 cars).

Format of the Agreement Concession agreement

Term of agreement, years 3

The cost of the project, billion rub.

15,7

Public partner Investment Committee of St. Petersburg

Investment stage, years 3

Applicants for the n/a project

Launch potential

The tram line is in the design stage. A financial model of the project will be determined later.

Region Udmurtia

Construction of the toll road Alnashi — Malaya Purga

The road with a length of 41 km will have four lanes with an estimated speed of 120 km / h. The new road will relieve the M-7 Volga highway and increase the availability of the Kambar Economic Cluster.

The cost of the project, billion rub.

Percentage of extrabudgetary funds

50%

Format of the Agreement Concession agreement

Term of the agreement, years n/d

Public partner n/d

Investment stage, years n/d

Applicants for the n/a project

Launch potential

The project is in the process of calculating the transport model.

NATIONAL LIST OF PROSPECTIVE PROJECTS 36

Region Saint Petersburg

Creation of a light rail tram line from Peterhof to Kirovsky Zavod metro station (Putilovskaya) in St. Petersburg

Construction and operation (maintenance) of tramways, contact and cable networks, tram depot, main technological equipment, rolling stock. The high-speed tram line will connect the city with the museum-reserve and help to unload the existing transport infrastructure, which has exhausted its capacity. Potential passenger traffic can reach from 17 million to 30 million people per year. The average speed of trams on the route will be more than 25 km / h.

Format of the Agreement Concession agreement

Term of agreement, years 27

Public partner Investment Committee of St. Petersburg

The cost of the project, billion rub.

13,3

Investment stage, years n/d

Applicants for the n/a project

Launch potential

In the summer of 2018, a competition was held, but was declared invalid. The government of St. Petersburg is preparing changes to the qualification requirements for participants, after which a new competition will be announced.

Region Moscow region

Reconstruction of the highway M5 "Ural" on the Ulyanino — Nepecino section

The project of building a four-lane road of the first technical category and the construction of bridges over Olkhovka, Pesochenko, Savikha and Beznamenyi stream. The beginning of the plot is the Ulyanino bypass under construction, the end is at the built bypass of Nepecino. The new road will be an alternative to this section of the M-5 Ural highway, which is operated at the limit of capacity, and will reduce travel time by bypassing many settlements.

The cost of the project, billion rub.

Percentage of extrabudgetary funds

25%

Launch potential

The project is under development.

Format of the Agreement Concession agreement

Term of the agreement, years n/d

Public partner of Rosavtodor

Investment stage, years n/d

Applicants for the n/a project

II. PROSPECTIVE INFRASTRUCTURE PROJECTS OF RUSSIA 38

Region Chelyabinsk region, Bashkiria

Construction of roads Sterlitamak — Kaga — Magnitogorsk and Uchaly — Abzakovo

The Sterlitamak-Kaga-Magnitogorsk highway, with a length of about 183 km, will connect two interregional industrial centers. The route will pass through the territory of Ishimbay, Beloretsk, Burzyan and Abzelilov districts. It is planned that part of the route from Sterlitamak to the village of Kaga will be free of charge, and the segment of the way to the village of Askarovo will be paid, the fare will be 10-25 rubles.

The cost of the project, billion rub.

12,5

Format of the Agreement Concession agreement

Term of the agreement, years n/d

Public partner n/d

Investment stage, years n/d

Applicants for the project "Bashkirdorstroy"

Launch potential

In 2016 concession for the design and construction of the road received "Bashkirdorstroy", later the results of the competition were canceled by the FAS. After appealing the decision of the FAS in the Arbitration Court, the authorities are again working out the terms of the concession with Bashkirdorstroy.

Kamchatka Region

Establishment of the Kamchatka Regional Hospital in the village of Krutoberezhovo Elizovsky district

The area of the hospital will be 61,9 thousand square meters, and the capacity of two wards - 450 beds. The project of the hospital also provides for an administrative and polyclinic, pathological and anatomical buildings, a helipad and other facilities. The capacity of the clinic will reach 150 visits per shift.

The cost of the project, billion rub.

11,7

Return on investment method The investment payment will 14,6 billion RUB, concessionary fee at the stage of operation – 4,4 billion rub.

Format of the Agreement Concession agreement

Term of agreement, years 14

Public partner Ministry of Health of Kamchatka Krai

Investment stage, years 3

Applicants for the project There are three potential investors

Launch potential

The construction, planned as early as 2009, did not take place due to the bankruptcy of the contractor. In November 2018 a tender for the concession was declared, which was declared invalid.

NATIONAL LIST OF PROSPECTIVE PROJECTS 40

Region Saint Petersburg

Creation of high-speed tram from Kirovsky Zavod metro station to the Red Village in St. Petersburg

Construction and operation (maintenance) of the tram line 16,5 Kilometers The project also provides for the construction of four overpasses, a tram depot, 17 stopping points, traction substations and rolling stock from 16 wagons. The estimated passenger traffic will be 14 million people per year. At peak hours, it is planned to release on the line 16 Trams with interval of movement 8 min.

The cost of the project, billion rub.

Format of the Agreement Concession agreement

Term of agreement, years 30

Public partner Government of St. Petersburg

Investment stage, years n/d

Applicants for the project ICA Construction

Launch potential

Project under development.

Region Saint Petersburg

Creation of the highway M-49 and the section of Suzdalsky Prospekt from the road to Kamenka to Planernaya Street in St. Petersburg

The construction of the M-49 highway on the section from Primorsky highway to the interchange with the Western high-speed diameter and on the section from Suzdalsky Avenue to Planernaya Street. The road will pass near the Lakhta Center, where there is a massive residential development, and should improve communication between Vyborg and Primorsky districts. The project involves, among other things, the construction of overpasses through the Sestroretsky and Vyborg directions. It is planned that the road will be free for travel.

The cost of the project, billion rub.

Method of return on investment Provided for a capgrant and coverage of operating costs

Format of the Agreement Concession agreement

CHKI

Term of agreement, years 11

Public partner n/d

Investment stage, years 2

EDB Consortium and First Eurasian Concession Company LLC

Launch potential

The financial model of the project is ready and agreed in the regional government. The final format of the project is under consideration.

II. PROSPECTIVE INFRASTRUCTURE PROJECTS OF RUSSIA 42

Region Chelyabinsk region

Creation of a multidisciplinary medical center in Magnitogorsk

Construction of a medical center with a department of pediatric maxillofacial surgery, designed for 484 places.

The cost of the project, billion rub.

10,6

Format of the Agreement Concession agreement

Term of agreement, years 17,5

Public partner n/d

Investment stage, years 2,5

Applicants for the project There are two potential investors

Launch potential

The concept is being discussed. The signing of the agreement is planned for 4Her neighborhood 2019 years.

Region Saint Petersburg

Creation of road overpasses through railway tracks in St. Petersburg*

The construction of 17 toll highways through railway crossings in those places where there is a technical possibility of their construction, as well as where there is a high demand for the crossing of railway tracks.

The cost of the project, billion rub.

10,5

* Investment portal of St. Petersburg contains information about 16 - those planned for construction by concession overpasses. Subsequently, it was decided to create 11 overpasses within the concession, another 6 - at the expense of Russian Railways.

Format of the Agreement Concession agreement

Term of agreement, years 30

Public partner n/d

Investment stage, years n/d

Applicants for the n/a project

Launch potential

Looking for an investor.

NATIONAL LIST OF PROSPECTIVE PROJECTS 44

Region Krasnoyarsk Territory

Construction of the bridge over Yenisei

Construction of the northernmost bridge across the Yenisei in the area of the village of Vysokogorsky. The transition length should be 2 km, the project also provides for the construction 10 km of access roads. The bridge will allow to master the resources of the Angaro-Yenisei economic region (gold mining, logging), and also help to solve the problem of the lack of prompt communication for 12 Thousands of residents of the right bank of Angara and Yenisei.

The cost of the project, billion rub.

Format of the n/a agreement

Term of the agreement, years n/d

Public partner n/d

Investment stage, years 4

Applicants for the n/a project

Launch potential

The bridge is planned to be built in 2012, and its cost has been repeatedly revised. The project has entered into a comprehensive plan, and since the beginning of 2019, the authorities of the Krasnoyarsk Territory have been lobbying for the start of construction in 2020.

Region Tula region

Construction of Novomoskovsk bypass road

Construction of a two-lane toll road with bridge crossings and three transport interchanges. Its length will be 12 km. The road should unload the city center from heavy industrial transport.

The cost of the project, billion rub.

Percentage of extrabudgetary funds

50%

Format of the Agreement Concession agreement

Term of agreement, years 15

Public partner of the Ministry of Transport and Roads of the Tula region

Investment stage, years 4

Applicants for the n/a project

Launch potential

The agreement on the implementation of the project in the form of infrastructure mortgages was signed in 2018.

II. PROSPECTIVE INFRASTRUCTURE PROJECTS OF RUSSIA 46

Region Novgorod region

Development of Krechevitsa Airport in Veliky Novgorod

Reconstruction of the airfield of the airport complex of Krechevitsa for the resumption of passenger and cargo air transportation. This will allow using the airport both for civil vessels and as a reserve airfield for aircraft landing at airports in St. Petersburg and Moscow, and refueling aircraft on Europe-Asia routes and back. Potential passenger traffic on domestic lines is estimated at 60 thousand passengers per year.

The cost of the project, billion rub.

9,8

Percentage of extrabudgetary funds

20%

Launch potential

Reconstruction of the Arsentyevka — Ilyinskoye and Petropavlovskoye — Voskresenskoye — Aniva — Solovievka roads

Between the villages of Arsentyevka and Ilyinskoye, it is planned to rebuild the dirt road connecting the west and east coast of the island. It is used by drivers of cars and heavy trucks.

The cost of the project, billion rub.

9,7 / 7,6

Format of the Agreement Concession agreement

Term of the agreement, years n/d

Public partner n/d

Investment stage, years n/d

Applicants for the n/a project

Region Sakhalin region

Format of the Agreement Concession agreement

Term of agreement, years 14

Public partner n/d

Investment stage, years 3

Applicants for the project GC "VIS"

The issue of the development of the former military airport has been raised for more than a decade: the project was hampered by unresolved land issues and financial reasons. A reconstruction project is being prepared. Work is expected to begin in 2022.

Launch potential

Projects in the stage of structuring and coordination of technical parameters. Agreements are expected to be concluded in September 2019.

NATIONAL LIST OF PROSPECTIVE PROJECTS 48

Region Leningrad region

Construction of bridges over the Volkhov in Kirishi and Svir in Podporozhye

The new bridge across the Volkhov in Kirishi will switch to the intensive traffic, which is now on the bridge 1966 built. According to the project, two lanes are provided for the transition, the estimated speed of movement on them will be 80 km / h. The bridge on Svir will help to unload the dam ridge of the Verkhnesvirskaya HPP, which is now used for crossing, but is not provided for such loads.

The cost of the project, billion rub.

Format of the Agreement Concession agreement

Term of the agreement, years n/d

Public partner n/d

Investment stage, years n/d

Applicants for the n/a project

Launch potential

The project is under development. The region is updating the project documentation for the construction of bridges.

Region Magadan region

Reconstruction of the regional sanatorium "Talaia"

Reconstruction of balneological sanatorium facilities and auto-access to the village of Talaya, construction of tourist and energy infrastructure (VL 220 kV with the Talaya substation). The project involves an increase in the number of visitors to the sanatorium from 4 thousand to 10 thousand people per year by increasing the number of places from 200 to 500.

The cost of the project, billion rub.

8,6

Format of the n/a agreement

Term of the agreement, years n/d

Public partner n/d

Investment stage, years n/d

Applicants for the n/a project

Launch potential

The authorities of the Magadan region are working on a reconstruction project for not the first year. Preparations for its implementation have not begun.

II. PROSPECTIVE INFRASTRUCTURE PROJECTS OF RUSSIA 50

Region Rostov region

Construction of a new surgical hospital building No. 1 N. A. Semashko in Rostov-on-Don

The project of construction of a new 10-storey surgical building for 700 beds, an operating unit and a medical and diagnostic building.

The cost of the project, billion rub.

Format of the Agreement Concession agreement

Term of agreement, years 29

Public partner Administration of Rostov-on-Don

Investment stage, years 3

Applicants for the project "Tashir Medica", LLC "RostovMedInvest"

Launch potential

The project is being discussed by the city authorities, but a decision on the implementation model has not yet been made.

Region Samara region

Construction of Karl Marx Avenue and reconstruction of the Central highway in Samara

Construction of Karl Marx Avenue on the site from Kirov Avenue to the Samara border with the reconstruction of the Central Highway section of the Volga region and Samara. Only the first stage is planned to be included in this concession: the section from the Rakitovsky highway of Samara to the Obvodnaya highway.

The cost of the project, billion rub.

7,4

Format of the Agreement Concession agreement

Term of the agreement, years n/d

Public partner n/d

Investment stage, years 2

Applicants for the n/a project

Launch potential

In April 2019 the project concept was approved by the government commission on transport, the competition is planned to be held before the middle of the year.

NATIONAL LIST OF PROSPECTIVE PROJECTS 52

Kemerovo Region

Construction of the Tomsk-Taiga highway

The highway with a length of 68 km will connect the Tomsk and Kemerovo regions through the Taiga bypassing the federal highway. The possibility of introducing fares on the future road is being considered.

The cost of the project, billion rub.

Percentage of extrabudgetary funds

57%

Format of the Agreement Concession agreement

Term of agreement, years 13

Public partner n/d

Investment stage, years n/d

Applicants for the n/a project

Launch potential

Project-estimated documentation is being developed.

Region Novosibirsk region

Construction of a tram line in Novosibirsk

Construction of tram tracks and related facilities to the territory of the Plyuchinsky residential area. The project provides for the reconstruction of the Right Bank tram depot and the purchase of cars. The options of the tram line from Tatiana Snezina Street to the "Michurintsev Garden" and to the metro station "Zolotaya Niva" are considered.

The cost of the project, billion rub.

6,7

Format of the Agreement Concession agreement

Term of agreement, years 30

Public partner Novosibirsk City Hall

Investment stage, years 2

Previously, the project was interested in Avtodor-Invest LLC, Leader MC, United Rocket and Space Corporation

Launch potential

Financial and economic model of the project is ready. Preparation of documents for the announcement of the competition, which is planned to be held before the end of 2019.

II. PROSPECTIVE INFRASTRUCTURE PROJECTS OF RUSSIA 54

Region Nizhny Novgorod region

Construction of a multifunctional entertainment complex in Bor

The complex will include an aquarium, a hotel and an amusement park. The estimated area is about 30 thousand sq. m. It is assumed that the complex will become one of the objects of the cluster in the sphere of cruise tourism of the Nizhny Novgorod region.

The cost of the project, billion rub.

Percentage of extrabudgetary funds

100%

Format of the Agreement Concession agreement

Term of agreement, years 25

Public partner n/d

Investment stage, years 3

Applicants for the n/a project

Launch potential

The project was supported by the investment council under the governor back in 2015. Since then, the announcement of the competition and the launch of the project have been postponed annually.

Region Amur Region

Development of Ignatievo airport in Blagoveshchensk

Reconstruction of the airport terminal, construction of the second runway2) with artificial coating, as well as other buildings and structures. The length of the new runway 3 km and width — 55 m. It will be able to receive and maintain almost all types of modern aircraft. It is expected that the project will increase the capacity on international flights to 2,5 once, before 250 Thousands of passengers per year 2025 the Year.

The cost of the project, billion rub.

4,7

Format of the Agreement Concession agreement

Term of agreement, years 20

Public partner n/d

Investment stage, years 3

Applicants for the n/a project

Launch potential

The region announced a tender for the reconstruction of the airport complex three times, but could not find a contractor. Subsequently, the facility was decided to be transferred to a concession, it is expected that a tender will be announced in the autumn of 2019.

NATIONAL LIST OF PROSPECTIVE PROJECTS 56

Region Nizhny Novgorod region

Creation of a psychoneurological boarding school in the village of Klyuchishchi, Shatkovsky district

The boarding house will include five sleeping buildings, administrative, medical and preventive, bath-washing and engineering buildings, dining room with a food block, garage, warehouse, other buildings and structures. The boarding school is designed for 1 thousand beds.

The cost of the project, billion rub.

4,1

Percentage of extrabudgetary funds

100%

Format of the Agreement Concession agreement

Term of agreement, years 25

Public partner Government of Nizhny Novgorod region

Investment stage, years 5

Applicants for the n/a project

Launch potential

The development of design estimates is planned for 2019–2020 years.

Region Khabarovsk Territory

Establishment of a proton-beam therapy center in Khabarovsk

The center should supplement the nuclear medicine capacities of the Khabarovsk Territory. The object of the agreement includes the design, construction, equipping and operation of the building of the center with an estimated capacity of 700 patients per year. The facility will have all the necessary medical, radiation, physical and engineering infrastructure for radiation therapy of patients with proton beams.

The cost of the project, billion rub.

According to preliminary data, the tariff for high-tech medical care in 2023 will be 1,7 million rubles.

Format of the Agreement Concession agreement

CHKI

Term of agreement, years 15

Public partner n/d

Investment stage, years 4

Applicants for the project of JSC "Rusatom Helskea", GC "Region"

Launch potential

The project is in the process of developing a concession agreement with the investor. The construction of the center is planned to begin in 2019, and in 2023 years to open it for patients.

II. PROSPECTIVE INFRASTRUCTURE PROJECTS OF RUSSIA 58

Region KhMAO

Creation of four integrated inter-municipal landfills of TKO in different districts of KhMAO

Construction of landfills: near Surgut on the site in 70 next to the "Nature" range; in 6 km from Megion on the road Surgut — Nizhnevartovsk 74 a) in the area of 40 Ha in 35 km from Khanty-Mansiysk; near Nyagan 40 The October Forestry Fund. The capacity of the landfills will be 200 thousand ha, 180 thousand ha, 75 thousands of ha and 55 thousand ha respectively.

The cost of the project, billion rub.

3,9 / 3,5 / 1,5 / 1,1

Format of the Agreement Concession agreement

Term of agreement, years 20

Public partner n/d

Investment stage, years 3

Applicants for the n/a project

Launch potential

A financial and legal model of projects has been developed, and land plots are being formed.

Region Sakhalin region

Creation of a school and educational quarter in Yuzhno-Sakhalinsk, a school in the village of Troitskoye

In Yuzhno-Sakhalinsk it is planned to build: — educational quarter on the site 4,3 A school that includes a 1260 places, kindergarten on 300 the School of Arts 230 places; schools in 1260 places. In the village of Troitskoe Anivsky district it is planned to build a school 1200 Seats.

The cost of the project, billion rub.

3,9 / 2,6 / 2,4

Format of the PPP Agreement

Term of agreement, years 20

Public partner n/d

Investment stage, years 3

Applicants for the project GC "VIS"

Launch potential

Projects in the stage of structuring and coordination of technical parameters. Agreements are expected to be concluded in September 2019.

NATIONAL LIST OF PROSPECTIVE PROJECTS 60

Region Irkutsk region

Establishment of the Surgical Corps of the Regional Perinatal Center of the Irkutsk Order "Sign of Honor" of the Regional Clinical Hospital

The new surgical building will include the necessary perinatal infrastructure. Including the admissions office, maternity ward 20 individual delivery rooms, intensive care unit for newborns for six beds 18 beds and four boxes-insulators, department of obstetric pathology of pregnant women 25 bed, operating unit for four tables, department of assisted reproductive technologies, express laboratory, department of MRI and X-ray diagnostics, etc.

The cost of the project, billion rub.

3,6

Format of the Agreement Concession agreement

Term of the agreement, years n/d

Public partner n/d

Investment stage, years n/d

Applicants for the n/a project

Launch potential

Project under development.

Region Moscow

Construction of a cable car between the metro stations "Skhodnenskaya" and "River Station" in Moscow

A cable car through the Khimki reservoir with a length of 2,3 km will connect the metro stations "River Station" and "Skhodnenskaya". According to preliminary estimates, passenger traffic on it will be up to 2,5 thousand people at peak hours and up to 19 thousand people per day. This will partially relieve the northern sections of the Zamoskvoretskaya and Taganskoye-Krasnopresnenskaya metro lines. The road will be integrated into the urban transport network, you can pay for travel using the Troika card.

The cost of the project, billion rub.

3,2

Percentage of extrabudgetary funds

100%

Launch potential

Method of return on investment Revenue from ticket sales and advertising, use of commercial space

Format of the Agreement Concession agreement

CHKI

Term of agreement, years 25

Public Partner Moscow Department for Competition Policy

Investment stage, years n/d

Applicants for the project Five potential investors have applied for the results of the CFC

Applications for the CHCI have been accepted, and up to June 2019 are being prepared for the competition.

II. PROSPECTIVE INFRASTRUCTURE PROJECTS OF RUSSIA 62

Region Saint Petersburg

Creation of a system of automatic weight and overall control of heavy vehicles in St. Petersburg

The project involves the design and installation of 21 high-speed stationary automatic post weight control heavy vehicles, as well as the modernization of two existing permanent posts weight control. The new system will combine 23 subsystems of weight control, reception and primary processing of information and issuance of permits for the transportation of heavy and large cargoes.

The cost of the project, billion rub.

3,2

Format of the Agreement Concession agreement

Term of the agreement, years n/d

Public partner n/d

Investment stage, years n/d

Applicants for the n/a project

Launch potential

Project under development.

Region Saint Petersburg

Reconstruction of St. Petersburg Stable Department

The reconstruction of the Stables Department is a cultural heritage site, which includes two buildings located on Stables Square (house 1 and house 1, letter B), and two three-story wings in the courtyard. Options for the reconstruction of the former imperial stables include both simple restoration and adaptation to modern needs: the construction of a museum of modern art, public space, the creation of underground parking, commercial space.

The cost of the project, billion rub.

3,2

Format of the Agreement Concession agreement

Term of agreement, years 30

Public partner n/d

Investment stage, years n/d

Applicants for the n/a project

Launch potential

Planning for the renovation of the former imperial stables has been going on since 2010. The concept of reconstruction of the facility is under discussion.

NATIONAL LIST OF PROSPECTIVE PROJECTS 64

Region Murmansk region

Creation of the surgical building of the Murmansk Regional Clinical Hospital. P. A. Bayandin

The project of construction of a surgical building for 414 beds for Murmansk Regional Clinical Hospital. P. A. Bayandina. The new building will divide the flow of patients, will allow to place on the ground floor "heavy" diagnostic equipment, emergency and hybrid operating rooms and concentrate all surgical departments of the medical complex in one building.

The cost of the project, billion rub.

Percentage of extrabudgetary funds

90%

Format of the Agreement Concession agreement

Term of agreement, years 9

Public partner Ministry of Health of the Murmansk Region

Investment stage, years n/d

Applicants for the project of the GC "Expert"

Launch potential

The Ministry of Health of the Murmansk region in 2018 developed a construction project. Preliminary financial and organizational models of the project are now being prepared.

Region Tomsk region

Construction of new sewage treatment plants with complete biological treatment in Seversk

New sewage treatment plants should replace obsolete analogues with mechanical wastewater treatment.

The cost of the project, billion rub.

Format of the Agreement Concession agreement

Term of agreement, years

Public partner Department of Housing and Public Housing Supervision of Tomsk Region

Investment stage, years n/d

Applicants for the n/a project

Launch potential

Discussion of the need to update urban treatment facilities is conducted from the middle 1990Their years. The project is currently under development.

II. PROSPECTIVE INFRASTRUCTURE PROJECTS OF RUSSIA 66

Orel Region

Construction of the Eagle bypass

The road with a length of 15 km is planned for opening in 2021 and will be paid (the tariff should be set by the government of the Oryol region). The project also includes the construction of six bridges and two overpasses. The western bypass of the Eagle is designed to build a road for transit and will relieve the city center from trucks.

The cost of the project, billion rub.

Percentage of extrabudgetary funds

100%

Contract of lease (free use) with investment obligations

Term of the agreement, years n/d

Public partner n/d

Investment stage, years n/d

Applicants for the project of CJSC "Russian Holding Company"

Launch potential

The work on land registration and road design has been completed. Construction is expected to begin in 2019.

Region Murmansk region

Transition to a closed scheme of heating and hot water supply in Olenegorsk

The project of reorganization of the heating and hot water system. The average physical wear of equipment and heat networks of Olenegorsk is about 90 %.

The cost of the project, billion rub.

2,8

Percentage of extrabudgetary funds

40%

Format of the Agreement Concession agreement

Term of agreement, years 7

Public partner n/d

Investment stage, years 2,5

Applicants for the n/a project

Launch potential

Pre-investment stage, a feasibility study is being developed. The expected term of the agreement is 2020.

NATIONAL LIST OF PROSPECTIVE PROJECTS 68

Region Magadan region

Creation of all-season sports and tourist complex "Sunny. Magadan

The sports and tourist complex is planned to be built on the basis of the existing infrastructure of the Russian Ski School - Magadan. Land plots with an area of 29 hectares and 594 hectares have been allocated for construction. The new complex will include ski slopes of varying degrees of complexity, gondola-chair lifts, a hotel and entertainment complex for 300 seats, a helipad and a platform for hang gliders and paragliders, etc.

The cost of the project, billion rub.

2,7

Percentage of extrabudgetary funds

100%

Format of the PPP Agreement

Term of the agreement, years n/d

Public partner n/d

Investment stage, years 6

Applicants for the n/a project

Launch potential

The project is in the preparatory stage. Land area is allocated 1000 ha, construction of a system of artificial snowfall of the slopes of the hills is under way, BKD lift is installed (towing ropeway) 580 m.

Region KhMAO

Establishment of seven schools in different districts of KhMAO

Construction of school buildings 1600 Places in 17-m microdistrict of Nefteyugansk; - on 1500 Places in 34-m and 38-m districts of Surgut (ChKI), as well as in microdistricts 30A and 5A Surgut 1125 places in the Eastern microdistrict of Nyagan 1125 places in Kogalym (ChKI). All projects are box solutions developed jointly with Sberbank.

The cost of the project, billion rub.

2,1 / 1,9 / 1,9 / 1,9 / 1,9 / 1,4 / 1,3

Percentage of extrabudgetary funds

79%

Method of return on investment There is a concessionary fee

Format of the Agreement Concession agreement

CHKI

Term of agreement, years 8

Public partner of Municipal Administration

Investment stage, years 3

Applicants for the project LLC "Technostyle", "LLC "Stroyinvest" and LLC "Surgutstroytsentr" in the framework of three Cheki, LLC "Social Infrastructure" in the framework of classical competitive procedures

Launch potential

V April 2019 the year the results of the competition for the school in Nyagan were summed up, the potential of this project is estimated in 5 points. Schools in Kogalym, and 34They and 38The districts of Surgut are held by CHKI, and classical competitions will be held in the three remaining schools. These projects are evaluated in 2‑3 Score.

II. PROSPECTIVE INFRASTRUCTURE PROJECTS OF RUSSIA 70

Region Murmansk region

Construction of coal boiler houses in Kola district

The project of modernization of the heating system in the Kola district of the Murmansk region will help reduce the tariff for thermal energy.

The cost of the project, billion rub.

Percentage of extrabudgetary funds

100%

Format of the Agreement Concession agreement

Term of agreement, years 30

Public partner of the Ministry of Energy and Housing of the Murmansk Region

Investment stage, years n/d

Applicants for the project LLC "Ustek"

Launch potential

We are developing a financial model, preparing a feasibility study and a financial and economic feasibility study.

Region Chelyabinsk region

Reconstruction of radiodiagnostic rooms in nine medical organizations of the Chelyabinsk region

Reconstruction and operation of radiodiagnostic rooms in medical organizations of the region. The project will include: City Hospital No. 3 (Zlatoust), City Hospital No. 3 (Miass), Regional Hospital (Troitsk), Regional Clinical Hospital No. 3, Regional Oncology Dispensary No. 2, Chelyabinsk Regional Children's Clinical Hospital, Chelyabinsk Regional Clinical Hospital.

Format of the Agreement Concession agreement

Term of agreement, years 9,25

Public partner Ministry of Health of the Chelyabinsk region

Investment stage, years n/d

Applicants for the project There is a potential investor

Project in preparation for the conclusion of the agreement. Signing is planned for 2Her neighborhood 2019 years.

The cost of the project, billion rub.

1,8

Percentage of extrabudgetary funds

100%

Launch potential

NATIONAL LIST OF PROSPECTIVE PROJECTS 72

Region Sevastopol

Construction of a waste treatment plant in Sevastopol

A waste treatment plant will be built at the solid waste landfill in Pervomayskaya Balka. The landfill occupies 16 hectares and has been in operation since 2001 years. The storage of waste takes place on the third stage of the landfill with numerous violations, which poses a threat to the environment. The other two are undergoing conservation and rehabilitation activities.

The cost of the project, billion rub.

1,6

Format of the Agreement Concession agreement

Term of agreement, years 25

Public partner n/d

Investment stage, years n/d

Applicants for the n/a project

Launch potential

A feasibility study is being developed. City authorities expect that the waste treatment plant will be built before 2022.

Region Khabarovsk Territory

Establishment of five schools in Khabarovsk and Khabarovsk district

The project includes the construction of one comprehensive school for 1 thousand places in Khabarovsk (on the street. Voronezh) and four general education schools for 220 places in the villages of the Khabarovsk district (Michurinskoe, Bychikha, Krasnorechenskoye, Matveevka). The creation of new schools will allow organizing the learning process in one shift.

The cost of the project, billion rub.

1,5

Percentage of extrabudgetary funds

10%

Launch potential

Project under development.

The project will create a SEC that provides educational services. Its financing is provided by subsidies from the regional budget

Format of the Agreement Concession agreement

Term of agreement, years 22,3

Public partner n/d

Investment stage, years 2,2

Applicants for the n/a project

II. PROSPECTIVE INFRASTRUCTURE PROJECTS OF RUSSIA 74

Region Saint Petersburg

Reconstruction of heating system facilities of boilers of SUE "TEK SPb" in St. Petersburg

Reconstruction of the complex of heating systems of group and quarterly boiler houses of SUE "TEK SPb" (13 boiler houses), using coal, fuel oil and diesel fuel as the main fuel, with their transfer to gaseous fuel. Boilers are located in Vyborg, Kirov, Kolpinsky, Krasnoselsky and Primorsky districts.

The cost of the project, billion rub.

1,5

Format of the Agreement Concession agreement

Term of agreement, years 15

Public partner n/d

Investment stage, years n/d

Applicants for the n/a project

Launch potential

Project under development.

Region Sverdlovsk region

Reconstruction of the clinic and diagnostic center "Mother and Child Health Protection" in Yekaterinburg

It is assumed the reconstruction of the existing facility and capital construction of the device. The total area of capital construction of the Sverdlovsk Regional Center for Family Planning and Reproduction is 12,0 thousand square meters, the area of construction is 3,4 thousand square meters. The capacity of the new branch of the center is 439 people per day. It is also planned to open a boarding house for 28 seats and a buffet for 40 seats.

The cost of the project, billion rub.

1,4

Format of the Agreement Concession agreement

Term of the agreement, years n/d

Public partner n/d

Investment stage, years n/d

Applicants for the n/d project

Launch potential

Project under development. There is a summary of the Glavgosexpertiza.

NATIONAL LIST OF PROSPECTIVE PROJECTS 76

Region Tyumen region

Construction of a school in the village of Cape in Tyumen

Construction of the school for 1200 places with a total area of 20,8 thousand square meters (4-5 floors). It is planned that the school will be located in the area of Tobolsky Tract streets - Timofey Charkov.

The cost of the project, billion rub.

1,1

Format of the agreement Concession agreement or PPP agreement

Term of the agreement, years n/d

Public partner n / d

Investment stage, years n / d

Applicants for the n/d project

Launch potential

The project is in the process of elaboration, for it project-estimated documentation has been developed.

Lipetsk Region

Wastewater sludge treatment in Lipetsk

Reconstruction of the dewatering site of the technological scheme of treatment facilities, reception and processing of raw and sludge sludge of wastewater. The project provides for the construction of a new sludge dewatering shop, a water treatment complex and the commissioning of a new aerotenk (a reservoir through which wastewater flows mixed with active sludge, where biochemical water treatment takes place).

The cost of the project, billion rub.

1,1

Percentage of extrabudgetary funds

100%

Format of the Agreement Concession agreement

Term of the agreement, years n/d

Public partner Administration of Lipetsk

Investment stage, years n / d

Applicants for the project LLC "Evobios L"

Launch potential

The project is under discussion by the authorities.

II. PROSPECTIVE INFRASTRUCTURE PROJECTS OF RUSSIA 78

Region Murmansk region

Modernization of the ski complex "Big Woodyavr" in Kirovsk

Construction of a gondola-type passenger suspension cable car on the southern slope of Mount Aikuaivenchorr, including providing infrastructure (engineering networks required for construction). The project also includes an artificial snowmaking system for slopes, the opening of a power plant for 240 seats (restaurant for 48 seats, bar for 18 seats, dining room for 174 seats), connection of engineering networks of water supply and sanitation with associated utilities and structures.

The cost of the project, billion rub.

Percentage of extrabudgetary funds

90%

Launch potential

Construction of the bridge over Upa in Tula

Construction of a road bridge across the Upu River on the section between the Moscow-Kharkiv railway lines, st. Mosin and St. Dreyer's Quay in Tula. The object of the agreement also includes charging points adjacent to the bridge sections of highways and movable property technologically associated with them. The bridge will create a route linking the districts of Zarechensky, Soviet and Railway Station.

The cost of the project, billion rub.

Percentage of extrabudgetary funds

100%

Format of the agreement on the MCP

Term of the agreement, years n/d

Public Partner Kirovsk Administration

Investment stage, years n / d

Applicants for the project LLC "Tirvas"

Region Tula region

Format of the Agreement Concession agreement

Term of agreement, years 33

Public partner Administration of Tula

Investment stage, years n / d

Applicants for the n/d project

The object is in the design stage and construction and technical expertise. The attraction of co-financing is expected within the framework of the Federal Program "Development of domestic and inbound tourism in the Russian Federation (2019 - 2025 years)".

Launch potential

Discussion of the creation of a paid bridge is conducted for at least five years. It attracted investors who spoke with the Cheki, but the construction was never started. The project is in the process of developing tender documentation.

NATIONAL LIST OF PROSPECTIVE PROJECTS 4. Infrastructure projects of Russia cost up to 1 billion Rubles, planned for implementation in the format

Public-Private Partnership

Regional and municipal

n/a

Recreation

Organization of lighting on the roads of the Murmansk region

Improvement

Creation of a sports and health complex in Sarov

Physical Culture and Sports

№

Project, scope

Region

Investment

million rubles

extrabudgetary

investment

Share of

PPP format

Creation of an indoor amusement park Galaxy park in Magadan

Magadan Region

875

100

PPP Agreement

Murmansk Region

850

Concession agreement

years

agreement

Term of the

n/a

Project status, launch potential

There is a business plan, carried out engineering and geodetic surveys

▃ ▃ ▃ ▃ ▃

Project at the stage of development of preliminary financial and organizational models of the project.

Potential investor of the project — Sferrum LLC

▃ ▃ ▃ ▃ ▃

Nizhny Novgorod Region

827,3

100

Concession agreement

Land allocated

▃ ▃ ▃ ▃ ▃

Creation of new facilities for the treatment of MSW in the southern part of the Murmansk region

Murmansk Region

754

n/a

Concession agreement

n/a

Potential investor - JSC "Waste Management"

Ecology and recycling of solid waste

Reconstruction and operation of the Palace of Culture in Kovdor district

Culture

Murmansk Region

700

n/a

The PPP Agreement

[Unclear source label; original character string: «▃ ▃ ▃ ▃ ▃ Ч К И»]

project at the stage of formation. The agreement is expected to be signed in 2020

▃ ▃ ▃ ▃ ▃

Construction of an ophthalmological center in Murmansk

Murmansk Region

700

n/a

Concession agreement

Negotiations are underway with a potential investor

Health care

Reconstruction of sports and training base "Crimea — Sport" in Feodosia

Physical Culture and Sports

Crimea

670,8

n/a

Concession agreement

n/a

▃ ▃ ▃ ▃ ▃

Reconstruction of the Boulevard on Krasnaya Street from Gavrilova Street to Officer Street and Aurora Cinema in Krasnodar

Krasnodar region

650

n/a

Improvement

▃ ▃ ▃ ▃ ▃

Establishment of a boarding house for the elderly and disabled for 200 places in the Khabarovsk district

Khabarovsk Krai

Gerontological infrastructure

635,6

100

Concession agreement

Preliminary financial model developed

Reconstruction of the swimming pool with the addition of a sports hall in Murmansk

Murmansk Region

Physical Culture and Sports

597

n/a

▃ ▃ ▃ ▃ ▃

In the year 2019, it is planned to pass the project examination and approve the project budget

▃ ▃ ▃ ▃ ▃

II. PROSPECTIVE INFRASTRUCTURE PROJECTS OF RUSSIA

№

Project, scope

Region

Investment

million rubles

extrabudgetary

investment

Share of

PPP format

years

agreement

Term of the

Project status, launch potential

Creating an entertainment complex in the floodplain "On the Arrow" in Sarov

Recreation

Creation of an inter-district complex - a landfill with a garbage sorting line for 60 thousand tons per year in Kuibyshev

Ecology and recycling of solid waste

Creation of an integrated district landfill with a waste sorting line for 30 thousand tons per year in Toguchin

Ecology and recycling of solid waste

Creation of a production complex for processing agricultural raw materials in Kemerovo

Agriculture

Creation of an inter-district complex - a landfill with a waste sorting line for 50 thousand tons per year in Tatarsk

Ecology and recycling of solid waste

Nizhny Novgorod Region

587,8

100

PPP Agreement

n/a

▃ ▃ ▃ ▃ ▃

Novosibirsk Region

575,7

100

Concession agreement

Negotiations with potential investors

[Unclear source label; original character string: «▃ ▃ ▃ ▃ ▃ Ч К И»]

Novosibirsk Region

559,9

100

Concession agreement

Negotiations with potential investors

Kemerovo region

541,7

The PPP Agreement

The agreement is expected to be signed in the 2 quarter of 2019

[Unclear source label; original character string: «▃ ▃ ▃ ▃ ▃ Ч К И»]

▃ ▃ ▃ ▃ ▃

Novosibirsk Region

541,1

100

Concession agreement

Negotiations with potential investors

[Unclear source label; original character string: «▃ ▃ ▃ ▃ ▃ Ч К И»]

Installation of "smart stops"

Voronezh Region

500

n/a

Concession agreement

Competition is being prepared

Transport telematics

▃ ▃ ▃ ▃ ▃

Transfer of facilities of the centralized cold water supply system of Armavir to concession

Krasnodar region

500

n/a

Concession agreement

The project is in the structuring stage

Utilities

Construction of boilers

Utilities

Murmansk Region

500

100

Concession agreement

n/a

Establishment of a boarding house (boarding house) for the elderly for 275 places in the village of Repino Resort District

Saint Petersburg

500

n/a

Concession agreement

▃ ▃ ▃ ▃ ▃

A potential investor is OTEK. The financial model of the project is currently being adjusted

▃ ▃ ▃ ▃ ▃

The land lease agreement for the object was signed in 2018. Potential investor of the project — LLC "Management company "Opeka SPb"

Gerontological infrastructure

▃ ▃ ▃ ▃ ▃

Reconstruction of rehabilitation center in Tyumen district

Tyumen Region

450

n/a

Concession agreement

n/a

Health care

▃ ▃ ▃ ▃ ▃

NATIONAL LIST OF PROSPECTIVE PROJECTS

№

Project, scope

Region

Investment

million rubles

extrabudgetary

investment

Share of

PPP format

years

agreement

Term of the

Project status, launch potential

Transfer to the concession of heating system facilities Belorechensk

Utilities

Krasnodar region

424,2

n/a

Concession agreement

The project is at the initiation and concept formation stage

Establishment of a primary school 50 Places and Kindergarten 30 places in the neighborhood "Snow" Magadan

Magadan Region

375,4

n/a

Education

Reconstruction of the sports complex "Snowflake" in Murmansk

Murmansk Region

370,9

n/a

▃ ▃ ▃ ▃ ▃

There is design and estimate documentation. Estimates are currently being reassessed.

▃ ▃ ▃ ▃ ▃

The project has developed design and estimate documentation and formed a land plot. Negotiations with potential investors are underway.

▃ ▃ ▃ ▃ ▃

Physical Culture and Sports

Expansion of the residential complex of Sedanki boarding house for the elderly and disabled in Vladivostok

Gerontological infrastructure

Creation of a multifunctional sports and health center on the basis of the social and health center of elderly citizens and disabled people "Red Carnation" in the Tyumen district

Gerontological infrastructure

Establishment of a Republican skin and venereological dispensary in Yoshkar-Ola

Health care

Construction of a gerontological center (center of active longevity)

Gerontological infrastructure

Primorsky Krai

351

n/a

Concession agreement

n/a

▃ ▃ ▃ ▃ ▃

Tyumen Region

350

n/a

PPP concession or agreement

n/a

Mari El

350

n/a

Concession agreement

n/a

▃ ▃ ▃ ▃ ▃

Voronezh Region

324

n/a

Concession agreement

n/a

Concept of project implementation is ready

▃ ▃ ▃ ▃ ▃

Establishment of the health and recreation center "Urban Termy" in the village of Diveevo

Nizhny Novgorod Region

300

100

PPP Agreement

n/a

Tourism

Creation of sports and recreation complex in the village Starokorsunskaya

Physical Culture and Sports

Krasnodar region

300

n/a

Concession agreement

The project is in the structuring stage

▃ ▃ ▃ ▃ ▃

Reconstruction of the building of the local history museum in Kovdor district

Murmansk Region

300

n/a

The PPP Agreement

project at the stage of formation. The agreement is expected to be signed in 2020

Culture

▃ ▃ ▃ ▃ ▃

II. PROSPECTIVE INFRASTRUCTURE PROJECTS OF RUSSIA

№

Project, scope

Region

Investment

million rubles

extrabudgetary

investment

Share of

PPP format

years

agreement

Term of the

Project status, launch potential

Construction of a new cemetery in Monchegorsk

Murmansk Region

290

n/a

Concession agreement

Ritual services

Creation and reconstruction of health facilities in Novosibirsk

Novosibirsk Region

280

100

Concession agreement

Project-estimated documentation has been developed for the project. Currently, the project is divided into stages

▃ ▃ ▃ ▃ ▃

Potential investor is Polimedika Novosibirsk LLC. The competition will be held for the second time.

[Unclear source label; original character string: «▃ ▃ ▃ ▃ ▃ Ч К И»]

Health care

Creation of a sports and health complex with a swimming pool in Krasnoyarsk

Physical Culture and Sports

Creation of sewage treatment plants in the village of Vysokyi Olenegorsk

Utilities

The creation of a sports and recreation complex in Barnaul

Physical Culture and Sports

Krasnoyarsk Krai

260

n/a

Concession agreement

n/a

Murmansk Region

253

Concession agreement

▃ ▃ ▃ ▃ ▃

pre-investment phase of the project. The agreement is expected to be signed in 2020

▃ ▃ ▃ ▃ ▃

Altai Krai

250

n/a

Concession agreement

n/a

▃ ▃ ▃ ▃ ▃

Arrangement of the embankment of the Don — the creation of the center of attraction "Don Coast"

Voronezh Region

250

n/a

The PPP Agreement

n/a

Project-estimate documentation is developed

Recreation

▃ ▃ ▃ ▃ ▃

Creation of a swimming pool in Zavodoukovsk

Tyumen Region

250

n/a

PPP concession or agreement

n/a

Project-estimate documentation is not available

Physical Culture and Sports

Reconstruction of water supply stations and networks, sewerage stations and networks

Ivanovo Region

248

100

Concession agreement

Utilities

Establishment of kindergarten No. 9 in the microdistrict "Marchekan" Magadan

Magadan Region

Education

219,7

n/a

Creation of kindergarten No. 8 in the microdistrict "Zvezda" Magadan

Magadan Region

219,7

n/a

Education

Construction of sports and recreation complex in Kandalaksha

Physical Culture and Sports

Murmansk Region

210

n/a

Concession agreement

▃ ▃ ▃ ▃ ▃

The project is at the stage of agreement negotiation. Potential investor of the project — Vodokanal Ivanovo LLC

▃ ▃ ▃ ▃ ▃

The finalization of the design estimates is planned for the year 2019

▃ ▃ ▃ ▃ ▃

By the end of May 2019, it is planned to complete the design and estimate documentation

▃ ▃ ▃ ▃ ▃

NATIONAL LIST OF PROSPECTIVE PROJECTS

№

Project, scope

Region

Investment

million rubles

extrabudgetary

investment

Share of

Reconstruction of treatment facilities in Kamenka settlement

Voronezh Region

204

n/a

Utilities

years

agreement

Term of the

Project status, launch potential

n/a

Project-estimate documentation is developed

PPP format

PPP agreement or PPP agreement

Creation of a crematorium on the territory of the cemetery "East" in Perm

Perm Krai

199,4

100

Concession agreement

Ritual services

▃ ▃ ▃ ▃ ▃

V November 2018 year according to the results of the competition, the investor was determined - TD "Pushkin". Concession not signed

▃ ▃ ▃ ▃ ▃

Reconstruction of objects in the park "Dolphin" in Voronezh

Voronezh Region

195

n/a

Concession agreement

Competition is being prepared

Recreation

Creation of a sports and health complex in Parangi district

Physical Culture and Sports

Creation of sports and health complex in Kuzhenersky district

Physical Culture and Sports

Creation of sports and recreation complex in Gornomariy district

Physical Culture and Sports

Creation of sports and recreation complex in Orsha district

Physical Culture and Sports

▃ ▃ ▃ ▃ ▃

Mari El

179,8

n/a

Concession agreement

n/a

Mari El

174,1

n/a

Concession agreement

n/a

▃ ▃ ▃ ▃ ▃

Mari El

173,4

n/a

Concession agreement

n/a

▃ ▃ ▃ ▃ ▃

Mari El

171,2

n/a

Concession agreement

n/a

▃ ▃ ▃ ▃ ▃

Modernization of the urban drainage system in Kovdor

Murmansk Region

165

n/a

Concession agreement

Project in the formation stage

Utilities

Establishment of the hotel "Diveevo side" for 50 places in the village Diveevo

Nizhny Novgorod Region

150

100

PPP Agreement

▃ ▃ ▃ ▃ ▃

n/a

▃ ▃ ▃ ▃ ▃

Tourism

Creation of sports and recreation complex in the Sernur district

Physical Culture and Sports

Creation of sports and recreation complex in Novotorya district

Physical Culture and Sports

Mari El

146,8

n/a

Concession agreement

n/a

Mari El

141,4

n/a

Concession agreement

n/a

▃ ▃ ▃ ▃ ▃

II. PROSPECTIVE INFRASTRUCTURE PROJECTS OF RUSSIA

Utilities

Establishment of the branch of the regional hospital No. 19, designed for 240 premises per shift, in the village of Vinzili, Tyumen region

Health care

Gerontological infrastructure

Reconstruction of wastewater disposal and wastewater treatment facilities in the village of Coal Mines

Utilities

Creation of an inter-district complex - a landfill with a waste sorting line for 30 thousand tons per year in Kargata

Ecology and recycling of solid waste

№

Project, scope

Region

Investment

million rubles

extrabudgetary

investment

Share of

PPP format

years

agreement

Term of the

Project status, launch potential

Creation of heat supply and hot water supply system of Kushchevsky district

Krasnodar region

140

n/a

Concession agreement

Project under initiation

Tyumen Region

135

n/a

Concession agreement

n/a

The task for designing the branch building was approved

▃ ▃ ▃ ▃ ▃

Creation of a boarding house for elderly citizens "Mercy"

Magadan Region

130

PPP Agreement

▃ ▃ ▃ ▃ ▃

The project is in the structuring stage. The agreement is expected to be signed in 2019

▃ ▃ ▃ ▃ ▃

Chukotka JSC

129,2

100

Concession agreement

Project under initiation

Novosibirsk Region

127,8

n/a

Concession agreement

n/a

▃ ▃ ▃ ▃ ▃

[Unclear source label; original character string: «▃ ▃ ▃ ▃ ▃ Ч К И»]

Creation of swimming pool in Timashevsk

Krasnodar region

116,8

n/a

Concession agreement

n/a

The project is in the structuring stage

Physical Culture and Sports

▃ ▃ ▃ ▃ ▃

Energy service contract for the operation of outdoor lighting facilities in Shuya

Ivanovo Region

107,8

100

Energy-service contract

The agreement is expected to be signed in the 2 quarter of 2019

Electric Power

Establishment of a medical center for early diagnosis on the basis of a clinical diagnostic center in Nizhny Novgorod

Health care

Reconstruction of sports and recreation complex "Sport" in Krasnodar

Physical Culture and Sports

Reconstruction of a sports complex in the village Voskhod Krasnogvardeysky district

Physical Culture and Sports

Creation of the sports base "Northern slope" in Motovilikha district of Perm

Physical Culture and Sports

Nizhny Novgorod Region

≥ 100

100

PPP concession or agreement

n/a

▃ ▃ ▃ ▃ ▃

Krasnodar region

100

n/a

Concession agreement

The project is in the structuring stage

Crimea

100

n/a

Concession agreement

n/a

Economic model of the project is being developed

▃ ▃ ▃ ▃ ▃

Perm Krai

100

Concession agreement

The competition is announced, in the summer of 2019, it is planned to summarize the results

▃ ▃ ▃ ▃ ▃

NATIONAL LIST OF PROSPECTIVE PROJECTS

№

Project, scope

Region

Investment

million rubles

extrabudgetary

investment

Share of

PPP format

years

agreement

Term of the

Project status, launch potential

Reconstruction of the objects of the pedunctive farm in the Chishmi district

Bashkiria

100

n/a

Concession agreement

Agriculture

The competition is announced, the summing up is scheduled for May 2019. Potential investor of the project — LLC Agricultural Enterprise "Chishminsky Fruit and Vegetable Kennel"

▃ ▃ ▃ ▃ ▃

Source: data provided by federal and regional authorities, public procurement portal (torgi.gov.ru), regional investment portals and government portals, transport strategy of Russia up to 2030 year, the state program "Development of the transport system", a list of major projects with state participation, an explanatory note to the draft budget for 2019-2021 years, public materials of the Avtodor Group, a comprehensive plan for the modernization and expansion of the main infrastructure to 2024 years, media data, analysis InfraONE Research

Infrastructure and regions: where are the projects going?

The geography of infrastructure projects in the coming years promises to be quite extensive. Most projects of the national list can be launched in the North-Western Federal District 33 Project over 400 billion rub. The largest amount of investment is claimed by the Central Federal District: it is planned 25 Projects that require order 1,3 trillion rub. In other districts, it is planned 14 to 26 projects. The exception is the North Caucasus Federal District, where no projects are planned for launch (see figure 17).

In the regional context, the picture is 44 % Regions (37 from 85), Accumulated for 12 years of experience and expertise in launching projects with the use of PPP tools, try to replicate their experience. However, most of their projects are still not well developed, and the probability of their launch is quite low. High assessment of launch potential (4–5, where 5 score — maximum) received less than a quarter of the initiatives, the aggregate average score of all projects was 2,5 Score.

However, even worse are the projects of the regions, in whose practice PPP instruments have never been used before - according to our calculations, their total average launch potential estimate is only 1,4 points (see figure 18).

We have identified five entities that have not previously concluded any agreements beyond 100 million rubles. using different forms of PPP (by 115-FZ and 224-FZ), However, they plan to implement them on the horizon of the next three years. In the list of debutant regions: Belgorod, Magadan, Omsk, Tomsk regions and Mari El.

In the preparation of the national list of infrastructure projects, we relied, among other things, on data provided by regional executive authorities. We assume that not all projects declared by the regions will be launched on time. In addition, the list does not claim to be comprehensive information about the plans of the subjects for the use of public-private partnership tools.

For a more detailed description of the methodology, see "How we selected infrastructure projects for the national list".

II. PROSPECTIVE INFRASTRUCTURE PROJECTS OF RUSSIA

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Tatarstan)

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Vladimir

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(

the Moscow — Nizhny Novgorod — Kazan highway

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(

the Sterlitamak — Kaga — Magnitogorsk and Uchaly — Abzakovo highways

Construction of

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and Vladimir

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(

the Zheleznodorozhny — Gorokhovets section

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Moscow

(

the M-3 «Ukraine» highway

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Reconstruction of

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and Sverdlovsk

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(

Construction of the Chelyabinsk — Yekaterinburg high-speed railway

①

②

③

④

⑤

region

the University of London

Number of projects

❶

Interregional projects

map of the national list*

Investment

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nacionalnyj perechen perspektivnyh proektov infraone research

SPECIALLY FOR THE XXIII PETERSBURG INTERNATIONAL ECONOMIC FORUM

A N A L I T I E S K I J O B Z O R

NATIONAL LINE LIST OF PROSPECTIVE PROJECTS

INCLUDING EXECUTIVE SUMMARY IN ENGLISH

RESERVATION

CONTENTS

NATIONAL LIST OF PERSPECTIVE PROJECTS OF FRAUD

TABLES

SUMMARY

SUMMARY

CFO

FEFD

PFO

UFO

SZFO

SFD

SFO

SKFO

I. INFRASTRUCTURE NEEDS OF RUSSIA AND PROJECT MARKET

+5,6% GDP

+2,5% GDP

NATIONAL LIST OF PROSPECTIVE PROJECTS

I. INFRASTRUCTURE NEEDS OF RUSSIA AND PROJECT MARKET

NATIONAL LIST OF PROSPECTIVE PROJECTS

I. INFRASTRUCTURE NEEDS OF RUSSIA AND PROJECT MARKET

MUNICIPAL

REGIONAL

FEDERAL

TOTAL

TOTAL

FEDERAL

REGIONAL

MUNICIPAL

TRANSPORTATION

COMMUNAL

Housing**

TKO

SOCIAL

ENERGY

TELECOMMUNICATION

OTHER

PLC

TOTAL

TOTAL

SOCIAL

TRANSPORTATION

COMMUNAL

Housing**

TKO

ENERGY

TELECOMMUNICATION

OTHER

PLC

NATIONAL LIST OF PROSPECTIVE PROJECTS

MUNICIPAL

REGIONAL

FEDERAL

TOTAL

TOTAL

FEDERAL

REGIONAL

MUNICIPAL

TRANSPORTATION

COMMUNAL

Housing**

TKO

SOCIAL

ENERGY

TELECOMMUNICATION

OTHER

PLC

TOTAL

TRANSPORTATION

COMMUNAL

Housing**

TKO

SOCIAL

ENERGY

TELECOMMUNICATION