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Airport Dispute // Delovoy Peterburg – 09.12.2015
Disagreements have arisen between the parties in the largest State-Private Partnership project in St. Petersburg – the new terminal at Pulkovo Airport – concerning the formula for calculating concessional payments in favour of the city.
Vladimir Kilinkarov, Head of Maxima Legal’s Public-Private Partnership Department, commented on the dispute in ‘Delovoy Peterburg’.
We should like to point out that there are inaccuracies in the wording of Vladimir’s comment in the article. The comment should read: “As far as I remember, the main concessional agreement between the city, Northern Capital Gateway and Pulkovo was in accordance with Russian law. And according to Russian law it is perfectly acceptable that if it is not directly stated in the agreement by the parties that a royalty (concessional payment) from income should be calculated specifically from the clear profit, then by income should be understood the proceeds of the enterprise. So the city authorities as the public partner appear to be entirely in the right in this dispute, and this decision will not in itself, I would suggest, have an adverse effect on the popularity of State-Public Partnership projects in the city”.
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