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10 October 2013 |
VEGAS LEX to design investment model for Russia’s first high-speed railway lineThe investment and legal advisers for developing the investment basis of Russia’s first Moscow-Kazan high-speed railway line were chosen on October 2, 2013 following a tender.* The Moscow-Kazan high-speed railway line will run through seven Russian regions. The travel time should not exceed 3 hours and 30 minutes at the maximum speed of 400 km per hour. Investment in the project is planned to include public-private partnership mechanisms. The project, including the construction of terminals, has been estimated at more than RUR1tn ($31bn). The railway line is to become operational in June 2018. The project customer is High-Speed Rail Lines, an affiliate of the Russian Railways rail monopoly. The InfraONE First Infrastructure Company has been chosen as the investment adviser, while a group of VEGAS LEX experts will provide legal consultancy services. The advisers are to create an investment basis for the project, including financing, legal and organizational aspects, and to propose the best investment, business, procedural and institutional, and ownership models for choosing the most effective structure of the project. They will also propose the most effective system of project management after analyzing Russia’s long-term socioeconomic development scenarios and international forecasts. The group of counsels is to draft the project’s investment declaration and an integrated investment model of the high-speed railway line, as well as a list and the main provisions of contracts on the distribution of project participants’ functions. The project will be implemented through active cooperation with the project’s target audiences. The investment model is to be presented to market players during a series of road shows, with the opinions of potential project participants to be incorporated into the project model so as to strengthen its commercial attractiveness. The counselors will also help the customer coordinate and receive the federal authorities’ approval of the investment model and the key funding organizations’ tentative agreement to join the project. The results of this work are to be presented in seven months.
*** VEGAS LEX is one of Russia’s leading multipurpose law firms and the national leader of procedural and institutional consultancy on PPP and infrastructure, project financing, energy, antimonopoly regulation and dispute settlement. It has been ranked one of Russia’s top three firms in the field of PPP and infrastructure projects for several years. It has implemented over 80 projects, including in the transport industry. http://www.vegaslex.ru/ The InfraONE First Infrastructure Company is focused on monitoring the funding and construction stages of infrastructure projects, including in transport, from formulating the concept to attracting funding and managing the project. It mostly undertakes social, transport and other infrastructure projects, project financing, PPP and other forms of investment in infrastructure. It also provides investment services for large infrastructure projects. http://www.infraone.ru/ |
