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The Chinese are Considering the Subway // Kommersant- 27.04.2016, Chinese Subway Line// Business Petersburg- 26.04.2016
Foreign investors are considering investing in the construction of four stations of Pravoberezhno-Lakhtinskaya line of Petersburg subway: Skipper, Marine Facade, Novokrestovskaya-2, Lakhta. The stations will connect the central part of the city with the southern tip of Vasilyevsky Island and Krestovsky Island. The newspapers Kommersant and Business Petersburg wrote about this on April 27th.
The initiator of the project was Investment. Engineering. Construction CJSC, which together with the Export-Import Bank of China is ready to invest in the extension of the Orange Subway Line.
However, according to representatives of the Investment Committee the existing Federal Law “On Subsoil” said that the participation of the private capital in the construction of the subway is prohibited. Vladimir Kilinkarov, Head of Maxima Legal PPP, points out that the Federal Law “On Concession Agreements” allows for the possibility of investing the money in such a project, and it can be structured under the concession model.
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