By Ivan Anderzhanov in Moscow
VTB Capital in conjunction with the St Petersburg government is to hold a roadshow in London for the public private partnership (PPP) Yanino waste processing plant.
Financial, legal and technical advisors for the City of St Petersburg are VTB Capital, DLA Piper and Arup respectively.
The project for the 350 thousand tonne waste processing plant will cost approximately €200m.
The tender will be announced shortly, while the signing of the 30-year long PPP agreement with the winning bidder is planned by the end of 2010.
VTB said construction of Yanino plant will become the fifth big infrastructure project in St Petersburg involving PPPs after Pulkovo airport upgrade, building of Orlovsky Tunnel, Western High Speed Diameter and NadEx light railway.
Oleg Pankratov, co-head of global banking at VTB Capital, said: “The project has several advantages from the potential investors’ point of view. Firstly, it has predictable cash flow (therefore, the project will enable to attract bank loans). Secondly, the project has serious political support.
“Thirdly, it is the first infrastructure project focused on waste processing in St Petersburg – several international industrial and financial organizations have expressed interest in the project.”
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