Vladimir Kilinkarov has taken part in the St Petersburg Annual Investment Forum

On 26 October, Vladimir Kilinkarov, Partner and Head of the PPP Practice at Maxima Legal gave a presentation at a session as part of the St Petersburg Annual Investment Forum.  The session was titled ‘Infrastructure building: models for investment and mechanisms for financing in the development of public-private partnership’.

Maxima Legal was the partner of the session.  The moderator of the session was Olga Arkhgelskaya, Partner at EY.  In addition to Vladimir, the speakers at the session included Ilya Tkachev, Counsel for the Russian Minstry of Transport, Andrey Kiselev, Managing Director of the Department for Financing Infrastructure at VTB Capital, Konstantin Limitovsky, Deputy Chairman of the Eurasian Bank for Development, Roman Golovanov, Deputy Chairman of the Committee for Investment in St Petersburg and Alexander Isakov, Head of the department for PPP projects at the BIS Group.

Topics of discussion at the session included government initiatives in the establishing favourable conditions to attract private investors to infrastructure projects, the process of forming a legislative base to support capital-intensive projects as well as initiatives from the side of big business to resolve infrastructure issues.

Vladimir Kilinkarov in his presentation covered the main problems and trends in the regulation of PPP in Russia and talked about the particulars for PPP projects, the key factors for their success, namely where the interests of all participants in the project (from authorities to end users) at given equal importance.

According to Vladimir, the success of PPP projects relies on adequate and consistent legislation and court practice, however, in this regard recently we have witnessed a number of serious problems emerge.
“The programme set out by the government for the “infrastructure mortgage” requires the resolution of such problems and the amending of legislation on concessions and PPP.  It is necessary to put an emphasis on finalising legislation, eliminating legal obstacles and filling gaps as well as on removing the barriers to attracting private investment in public infrastructure”, Vladimir concluded.   

To read the programme for the Forum, please click here.