Vladimir Kilinkarov has provided his comments on financing PPP projects to business newspaper Kommersant St Petersburg

According to Vladimir Kilinkarov, Partner at Maxima Legal and Head of the PPP practice, ‘financing of PPP projects presently is a major problem for all areas of infrastructure in the country. It affects micro-projects from 500 million roubles, which are 20-30% financed by private investors with the remaining coming from banks, and mega-projects for which funds from government budgets, pension and investment funds are willing provided. In such projects, thanks to the guarantees provided by the legislation, the publicity of the projects and their transparency, foreign operators and investment funds are often involved. In light of the Central Bank’s easing on providing credit for such projects with a lower percentage and secured against rights to receive revenues from the project, this encourages business interest in PPPs.’

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