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Order No. 1361 of the President of the Republic of Sakha (Yakutia), V.Shtyrov, of 24 March, 2009, expresses gratitude to the Managing Partner of Vegas Lex law firm Albert Eganyan for participating in the investment project “Comprehensive Development of South Yakutia”. 

The letter of gratitude to Albert Eganyan expresses “true gratitude and profound appreciation for services to the social and economic development of the Republic of Sakha (Yakutia), his personal contribution to development of the investment project “Comprehensive development of South Yakutia” and may years of fruitful collaboration”.

The Vegas Lex team of consultants has been providing comprehensive support for implementation of the Project since its launch in 2007.

About the project “Comprehensive Development of South Yakutia 

The investment project “Comprehensive development of South Yakutia” consists in the formation in the Republic of Sakha (Yakutia) of a new and diversified industrial area based on hydro-power and electricity grid infrastructure (including HPPs on the River Timpton), railway and road infrastructure facilities and a cluster of industrial production units (the Elkonskiy Mining Combine, mining and processing combines, the Seligrad mining and chemical complex, and the Inaglinskiy coal complex).  It is being funded by the Investment Fund of Russia and private investment. 

During the first stage (2009 through 2010), the design and estimate documentation is to be drawn up for railways and during the second stage (2011 through 2019), construction of sectors is planned.  This part of the investment projects is the responsibility of the Federal Railways Agency. 

The first stage will cost 10.4 billion roubles, out of which 7.8 billion will come from the Investment Fund of the Russian Federation and 2.6 billion from private investors.

On 10 March, 2009, Prime Minister Vladimir Putin signed directive of the Government of the Russian Federation No. 302-r, approving the passport of the project and allowing its financing to be initiated.  This refers to the first stage of implementation of the investment project “Comprehensive development of South Yakutia” – that of design documentation development.  Russia’s biggest comprehensive project orientated on development of a region is thus started up.

Information about Vegas Lex law firm

Vegas Lex was founded in 1995 and, since 2000, has been among the Top-3 Russian law firms. According to Russian and international ratings, Vegas Lex is one of the leading legal consultants in the PPP sphere. 

The firm has offices in Moscow, Volgograd and Krasnodar, as well as a number of regional partners.  The firm consists of 11 practices, including Infrastructure and PPP-Project Departments.  Its clients are big and medium-sized companies of the Expert-400 rating.  The total sum of supported client investments in major infrastructure projects (including PPP projects) amounts to over $52 billion. 

The firm is currently providing organisational and legal support for such PPP-projects as: “Comprehensive Development of South Yakutia”, “Comprehensive Programme for Development of the Republic Komi, the Perm Territory and Archangel Region (“Belkomur”)”, “Comprehensive Development of Prinangariye”, “Comprehensive Development of Zabaikaliye”, the comprehensive project “Urals Industrial -- Urals Polar”; Sochi 2014 Olympics; projects for modernising a number of airports and sea ports; projects for creating and supporting special economic zones of various types and other projects.