VTB IH Brochure 6,70 МБ
Total Page:16
File Type:pdf, Size:1020Kb
INVESTING IN THE FUTURE 12 years ago, when our team started with investing At the very beginning, in 2007, the VTB Group’s in infrastructure projects in Russia, this market infrastructure team consisted of five persons. was just emerging - the first concessions were Now our team consists of more than 7,000 people, at the stage of discussion. In fact, there were and we are the largest infrastructure holding no projects with results. in Russia! We are capable of solving a full range of tasks of any complexity, including not only Having regard to the examples of other countries the fund raising, but also project management where the market of financing of infrastructure and development, construction and subsequent projects had long been developed with clear operation of facilities. and transparent criteria and rules, and to our experience of implementation of such projects, I am pleased that we have made a contribution we gradually began to transfer the foreign practice to the formation of the PPP market in Russia to our own unique product. and have attracted more than $17 billion of investments into the Russian infrastructure. We were pioneers in most of undertakings: In particular, our participation helped Russia to gain we developed the Russia’s first PPP project its own experience in the implementation of project in the airport industry, which was also the first concessions that are absolutely competitive country’s project implemented without state on the global stage. funding; implemented the world’s largest PPP project related to toll roads; implemented the first All the while, we have been pursuing a single goal – Russia’s project using loans and bonds placed to create long-term values for future generations. in the market; we were first to use syndicated loans, By investing in the future, we hope to further change derivatives; we launched the first regional project. people’s lives for the better. The list of achievements is not exhaustive – we have always applied an innovative approach. Oleg Pankratov, Head of VTB Infrastructure Holding 1 ABOUT THE HOLDING VTB Infrastructure Holding is the leader of the Russian market of infrastructure investments Our approach focused on large-scale strategic and commercially attractive projects as part of private- public partnerships and concession agreements. The holding is the largest Russian VTB Infrastructure Holding has a wide range of tools for the solution of the full range of tasks at all stages infrastructure investor. of infrastructure projects – from consulting in the project concept creation and tender organization to funds raising, construction and subsequent operation of facilities. To date, VTB Infrastructure Holding is a unique player in the Russian PPP/concession market with integrated financial and technical capabilities, an exclusive combination of the Russian and international expertise VTB Infrastructure Holding shows interest: and successful experience in the Russian and foreign markets. greenfield brownfield concessions, public-private partnerships, long-term current businesses and assets requiring significant new Since 2007, in total we have investment contracts investments with the prospective increase of production attracted more than: 17billion USD 6billion USD and financial indicators of Russian and foreign of loans and own funds investments of VTB Group To ensure the most effective concentration of technical expertise, specialized service structures were created within VTB Infrastructure Holding: PUSK OSA VTB Development Holding’s team Project Management of Construction Highway Operator LLC (OSA) – VTB Development – implementation Contracts LLC (PUSK) – technical operation of transport infrastructure of comprehensive projects in the field The companies of VTB Infrastructure Holding employ over 7,000 persons. The Holding’s team has exceptional customer services, building facilities, operational consulting. of commercial and residential real professional expertise. Employees have gained experience at major foreign banks and financial companies, inspection, technical supervision, estate in the North-Western and other such as Merrill Lynch, Credit Suisse, JPMorgan, ABN AMRO, Royal Bank of Canada, KPMG, Société Générale, technical consulting. regions of Russia. Ernst&Young. In total, the VTB Infrastructure Holding’s team secured and organized financing of various projects in the amount of over $100 billion. Our strategic priorities: • Maintaining the leading role in the market of infrastructure investments of the Russian Federation • Implementation of projects on an arm’s length basis, making them attractive to potential customers • Expansion of the portfolio with large, innovative and financially attractive projects • Attraction of financial and strategic co-investors to our projects, creation of consortia of highly reputed members • Active approach to our portfolio asset management using the experience accumulated from other projects, focus on maximizing the market capitalization of both individual investments and the entire portfolio 2 PROJECTS The current portfolio of VTB Infrastructure Holding includes the largest projects not only by Russian but also by European standards. The diverse portfolio covers a lot of industries: toll roads with the total length of over 200 km, airports serving about 20 million passengers per year, grain terminals with the capacity of more than 10 million tonnes per year, and other flagship facilities in Russia. 4 WESTERN HIGH-SPEED DIAMETER (WHSD) WHSD is a unique intercity toll expressway and the world’s largest PPP project related to toll roads. In 2011, VTB Group proceeded to the implementation of the unique project of construction of the Central Section of the Western High- Speed Diameter (WHSD), a toll multi-lane highway in St. Petersburg. It was constructed in restrained urban conditions, having solved the key infrastructure tasks of the city and determined the development of St. Petersburg as a global transport hub. The highway enables 20-30-minute passage through the megalopolis with 5 million inhabitants. 220billion roubles total investments in the project 380thousand passages are recorded every day through the WHSD; about 90 million vehicles per year pass the highway 7 M-11 "MOSCOW - ST. PETERSBURG" This is the first Russia’s project implemented using loans and bonds placed in the market. In 2014, VTB Group jointly with the French company Vinci started the implementation of the project of construction and operation of stages 7 and 8 of the M-11 highway (Moscow - St. Petersburg) as part of the public-private partnership. M-11 is a completely new road designed and constructed round about existing settlements. No highways of this length 40thousand vehicles have been constructed from scratch in Russia yet the daily capacity of the new highway The M-11 highway has a strategic impact on the development of the country’s transport infrastructure. The highway not only provides high-speed motor service between the two capitals, but jointly billion roubles with the Central Ring Road and the Moscow-Nizhny Novgorod-Kazan 80 highway it becomes the part of the North Europe-Western China the amount of the project investments transportation corridor. LOGISTICS CENTRES VTB Group and Russian Post JSC are implementing through the joint venture National Logistic Technologies JSC (NLT) the project of creation of 38 logistics centres with the area of over 400 thousand m² across the country. This project is an essential step towards the creation of the up-to-date logistics infrastructure for electronic commerce in the country. The infrastructure is created to serve the needs of both Russian and foreign participants in the distance trading market. The launch of centres will ensure The project includes 6 first-level the delivery of goods to the population centres, 11 second-level centres the next day after ordering goods and 21 third-level centres online in all major cities of the country and every other day in regional centres First- and second-level logistics centres will also offer a full range of online commerce fulfilment operations, including warehousing billion roubles 20 of goods, acceptance and processing of orders, packaging parties’ 3-year investments and delivery of goods. 8 PULKOVO AIRPORT It was the first Russia’s PPP project in the airport industry. In 2010, VTB Group was involved in the large-scale project The first stage of reconstruction and development of Pulkovo Airport of construction, reconstruction and operation of Pulkovo Airport was implemented in 2010-2014. A new passenger terminal was in St. Petersburg. As part of the consortium of international investors, constructed, the building of the former Pulkovo-1 Air Terminal was it concluded a 30-year agreement of public-private partnership billion euros reconstructed and expanded, large-scale upgrading of the airfield million passengers with the city. VTB Group participated in the project as the largest co- 1,2 infrastructure was carried out. 18 the amount of the project financing the current Pulkovo’s traffic volume investor and an exclusive financial consultant. The first country’s project implemented without state funding. 10 11 KAMA BRIDGE GRAIN BUSINESS PROJECT VTB Infrastructure Holding sees a great potential for the development of grain exports from Russia. The grain business strategy stipulates the synergy of assets in the field The construction of toll of transport export logistics and trade. bridge crossings over the Kama and Bui rivers near As a part of this