OLGA REVZINA PARTNER Moscow

Total Page:16

File Type:pdf, Size:1020Kb

OLGA REVZINA PARTNER Moscow OLGA REVZINA PARTNER Moscow Olga is the Head of Infrastructure and PPP practice in Russia. +7 495 78 37370 +7 916 578 7161 [email protected] BACKGROUND Olga was one of the few lawyers involved in the very first attempts to implement PPP projects in Russia in the early 2000s. Olga actively participates in the elaboration of PPP legislation in the Council of Experts of the Russian State Duma and Council of Experts of the Ministry of Economic Development of the Russian Federation. Olga graduated from the Moscow State University law school. She joined the firm as partner in 2010 after more than a decade of working at the Moscow and Paris offices of an international law firm. Olga is a member of the Paris Bar and the Moscow Bar. Her market leading position is confirmed by Chambers and Legal500 – Olga Revzina is ranked as the top tier for PPP in Russia for the last 14 consecutive years. KEY SERVICES KEY SECTORS Projects Infrastructure Energy, Natural Resources and PPP Infrastructure Finance EXPERIENCE Olga is the head of Infrastructure and PPP practice in Russia, focusing on Central and Eastern Europe, Russia and CIS infrastructure mandates. Spending her time between our Moscow and Paris offices, Olga works with a broad range of clients on single and multi-jurisdictional infrastructure investments in transport (airports, toll roads, rail roads, ports, parking), utilities (water services, heating systems, waste disposal) and energy sectors. She is a champion for promoting best international practices for infrastructure investment in Russia and across the Central and Eastern Europe and the CIS. Olga is leading transactions on infrastructure development, specialising on PPP and concession projects. She advises public clients (state authorities, state-owned companies), Russian and international sponsors and lenders, as well as subcontractors and operators on all aspects of infrastructure projects. Olga's experience includes advising: Government of the Russian Federation on Platon Electronic Toll Collection (ETC) system concession project, introduced to facilitate and process the collection of toll charges offsetting the damage caused to Russian Federal Highways by vehicles exceeding 12 tons of gross vehicle weight, and concession on implementation of automatic number plate recognition (ANPR) systems to identify the vehicles and weigh-in-motion (WIM) systems the winner of a concession tender (DSK Avtoban) on a PPP projects for the construction of the Central Ring Road in Moscow Region (sections 3 and 4). European Energy and Infrastructure Deal of the Year 2017, The Lawyer the Russian Highways State Company (Avtodor) on M11 Moscow - St. Petersburg toll motorway (sections 7 and 8: 543km – 684km) the Government of St Petersburg on the construction and operation of the Western High Speed Diameter (WHSD) toll road (PPP deal of the Year 2013, World Finance; Road deal of the Year 2012, Project Finance International; European Real Toll Road Deal of the Year, Project Finance 2012; European PPP Transaction of the Year, Infrastructure Investor 2012) a bidding consortium comprising of Incheon International Airport Corporation (South Korea), IC Ictas Altypi Yitirimlari VE Isletme A.S. (Turkey), VTB Capital Infrastructure Holdings Limited (Cyprus) on the project for the construction, maintenance and operation of the Belgrade Nikola Tesla International airport in Serbia Government of St Petersburg on the reconstruction and expansion of the Pulkovo airport, the third busiest airport in Russia (Winner of the 2011 Transport Deal of the Year award, Infrastructure Journal), private investors and regional governments for regional airports in Russia under a number of infrastructure projects in the CIS market, including the "Big Almaty Ring Road" (BAKAD) and Ekibastuz GRES in Kazakhstan, Chisinau International Airport in Moldova, the first toll road PPP project in the Republic of Kyrgyzstan ACCOLADES Ranked in a category "Women Leaders" in Russia - IFLR1000 2020, 2021 "She's commercially oriented, has very good management skills, which for a partner is very important and regularly assists with PPP and infrastructure projects for clients from the transportation and utilities industries and also acts for banks that provide financing to projects" Chambers Europe 2020 "Olga Revzina is responsive and experienced, with strong client relationships” Legal500 2020 "She always brings innovative solutions and knows how best to apply them in the local business environment." Chambers Europe 2020 "Olga Revzina is a market leader in this area and has great experience. She is always ready to provide personal attention and advice." Legal500 2020 "a top-ranked practitioner with many years of proven expertise in infrastructure development projects" Chambers Europe 2018 "sources praise her constructive approach and extensive experience" Chambers Europe 2018 "The ‘energetic, proactive’ team at Herbert Smith Freehills CIS LLP has ‘exceptional knowledge of the infrastructure and construction industry’ and ‘benefits from its strong network of global connections’" Legal500 EMEA 2018 ‘a strong project manager with solid commercial skills’ Legal500 EMEA 2018 "‘They [Herbert Smith Freehills] are the leaders in the Russian infrastructure market’,… the strength of the team is ‘the ability to combine PPP expertise with other practices, specifically private equity and project finance’" Chambers Europe 2018 ‘They [Herbert Smith Freehills] know how to meet our current business needs and manage to focus on the bigger picture at the same time’ Chambers Europe 2018 "She is proactive and commercially sensitive. She has a good understanding of practical and political realities in dealing with Russian regional authorities" Chambers Europe 2017 PUBLICATIONS The Public-Private Partnership Law Review – 7 Edition (2021) : Russia Chapter (by Olga Revzina, Roman Churakov and Lola Shamirzayeva) The Government Procurement Review – 8 Edition (2020): Russia Chapter (by Olga Revzina, Lola Shamirzayeva and Olga Polkovnikova) © HERBERT SMITH FREEHILLS LLP 2021.
Recommended publications
  • A Wide Area Road User Fee Financing System for Russian Federal Highways
    Pages 107 - 113 A WIDE AREA ROAD USER FEE FINANCING SYSTEM FOR RUSSIAN FEDERAL HIGHWAYS Daniel F. Malick US FHWA representative to Russia, Moscow Note: the opinions expressed in this paper are solely those of the author and are not intended to reflect US FHWA policy within the United States ABSTRACT The US Federal Highway Administration has maintained an office in Moscow since 1994, assisting the Russian Federal Highway Service in their transition from soviet to democratic/free market institutions in the highway sector. One such effort has been to work with the Russians in evaluating a variety of road financing options that advance their development of a national road system while encouraging the transfer of some of the world’s newest technologies. One such option is a fully private sector developed and operated system for monitoring the road usage of heavy commercial vehicles. INTRODUCTION In the conference materials prepared by the US Trade Development Agency for the USTDA CONFERENCE ON HIGHWAY MARKET DEVELOPMENT IN NEW INDEPENDENT STATES; ST. PETERSBURG, RUSSIA; September 17-19, 1996, the following statement on US Strengths was made on page 8: “The U.S. is also a world leader in intelligent transportation systems (ITS). Since the enactment of the Intermodal Surface Transportation Efficiency Act (ISTEA) in December 1991, federal funding for research, development, testing, and deployment rapidly increased from about $2 million in 1989 to well over $200 million annually during the last five years. Substantial federal funding for ITS programs allowed the U.S. to regain its technology leadership in such areas as electronic toll collection systems, commercial vehicle fleet management, adaptive traffic signal controls, traveler and driver information systems, automated roadside safety inspection equipment, route guidance systems, remote incident detection and management systems, and automated highway design.
    [Show full text]
  • ERA-GLONASS Toll Road System 60% Year-On-Year
    JSC Navigation-Information Systems Full Year 2011 Financial Results Alexander Gurko CEO of JSC Navigation-Information Systems 1 Disclaimer Financial results of M2M Telematics Group (“M2M” or “M2M Telematics”) of companies are consolidated into JSC Navigation-Information Systems (“NIS” or “NIS Group of companies”). Certain statements in this presentation may contain assumptions or forecasts in respect to forthcoming events within JSC Navigation-Information Systems, its subsidiaries and M2M Telematics Group of companies. The words “expect”, “estimate”, “intend”, “will”, “could” and similar expressions identify forward-looking statements. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements to reflect events and circumstances occurring after the above-mentioned date or to reflect the occurrence of unanticipated events. Many factors could cause the actual NIS’s results to differ materially from those contained in our projections or forward-looking statements, including, among others, deteriorating economic and credit conditions, our competitive environment, risks associated with operating in Russia, rapid technological and market change in our industries, as well as many other risks specifically related to NIS and its operations. 2 Content 1. Market for Navigation and Information Services – 2011 Key Development Drivers 2. 2011 Results – Financial and Operating Overview 3. 2011 Financial Results 4. NIS and M2M Telematics – Key Facts 3 Market for Navigation and Information Services Market for navigation and information services in Russia Up 10 times in 5 years! Digital In 2011, the market for navigation and Launch of tachographs information services increased by more than Deployment of ERA-GLONASS toll road system 60% year-on-year.
    [Show full text]
  • ROMAN CHURAKOV of COUNSEL Moscow
    ROMAN CHURAKOV OF COUNSEL Moscow Roman is an expert in infrastructure and PPP with over 16 years of experience in the field +7 495 78 37413 +7 91 6271 8184 [email protected] BACKGROUND Roman Churakov is an Of counsel in the Russian legal practice Herbert Smith Freehills College of Advocates of the city of Moscow. His market leading position is confirmed by Chambers and Legal500 – Roman Churakov is ranked as the top tier for PPP in Russia. He is ranked also among recommended lawyers in Pravo.ru, IFLR and Best Lawyers editions. Roman graduated from the Moscow state law academy and holds a bachelor degree in Russian law. In addition to native Russian, Roman is also fluent in English and Swedish. KEY SERVICES KEY SECTORS Projects Infrastructure Energy, Natural Resources and PPP Infrastructure Finance EXPERIENCE Roman has led teams of lawyers to advise private and public clients on numerous projects in transport, utilities, social sectors, healthcare and tourism, many receiving international awards. With over 16 years of experience, Roman is one of few select lawyers who worked through first PPPs in Russia and the CIS, shaping their framework which exists today. His experience spans across multiple jurisdictions including Eastern Europe, CIS and Middle East. Roman has participated in preparing draft laws amending federal and regional Russian PPP legislation and led a group of experts in the preparation of a UNECE PPP standard. Roman is a member of major council of experts operating under umbrella of the Russian Parliament and Government. Roman has advised: Transport telematics systems in Russia Advising Government of the Russian Federation on Platon Electronic Toll Collection (ETC) system concession project, introduced to facilitate and process the collection of toll charges offsetting the damage caused to Russian Federal Highways by vehicles exceeding 12 tons of gross vehicle weight, and concession on implementation of automatic number plate recognition (ANPR) systems to identify the vehicles and weigh- in-motion (WIM) systems M11 Moscow - St.
    [Show full text]
  • Asian Highway Handbook
    ECONOMIC AND SOCIAL COMMISSION FOR ASIA AND THE PACIFIC ASIAN HIGHWAY HANDBOOK UNITED NATIONS New York, 2003 ST/ESCAP/2303 The Asian Highway Handbook was prepared under the direction of the Transport and Tourism Division of the United Nations Economic and Social Commission for Asia and the Pacific. The team of staff members of the Transport and Tourism Division who prepared the Handbook comprised: Fuyo Jenny Yamamoto, Tetsuo Miyairi, Madan B. Regmi, John R. Moon and Barry Cable. Inputs for the tourism- related parts were provided by an external consultant: Imtiaz Muqbil. The designations employed and the presentation of the material in this publication do not imply the expression of any opinion whatsoever on the part of the Secretariat of the United Nations concerning the legal status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers or boundaries. This publication has been issued without formal editing. CONTENTS I. INTRODUCTION TO THE ASIAN HIGHWAY………………. 1 1. Concept of the Asian Highway Network……………………………… 1 2. Identifying the Network………………………………………………. 2 3. Current status of the Asian Highway………………………………….. 3 4. Formalization of the Asian Highway Network……………………….. 7 5. Promotion of the Asian Highway……………………………………... 9 6. A Vision of the Future………………………………………………… 10 II. ASIAN HIGHWAY ROUTES IN MEMBER COUNTRIES…... 16 1. Afghanistan……………………………………………………………. 16 2. Armenia……………………………………………………………….. 19 3. Azerbaijan……………………………………………………………... 21 4. Bangladesh……………………………………………………………. 23 5. Bhutan…………………………………………………………………. 27 6. Cambodia……………………………………………………………… 29 7. China…………………………………………………………………... 32 8. Democratic People’s Republic of Korea……………………………… 36 9. Georgia………………………………………………………………... 38 10. India…………………………………………………………………… 41 11. Indonesia………………………………………………………………. 45 12. Islamic Republic of Iran………………………………………………. 49 13 Japan…………………………………………………………………..
    [Show full text]
  • Tolls / Road Use Charge, Goods Transport Russia Toll Rates As Per
    Tolls / Road Use Charge, Goods Transport Russia Toll rates As per the Governmental Decree of the Russian Federation (please click here – in Russian only), as of 30 April 2016, the toll rates applied to foreign road transport operators for the entire duration of their stay on the territory of the Russian Federation will be as follows: Increased fees from RUR 385.00 (EUR 5.20) to RUR 850.00 (EUR 11.06) per day; and Increased fees from RUR 60,000.00 (EUR 816.00) to RUR 120,000.00 (EUR 1,631.00) per year These measures are being taken to adjust the exchange rate fluctuations. From 30 April 2016, Latvia and Lithuania are included in the list of countries obliged to pay fees. Toll system Since 15 April 2016, foreign transport operators using Russian Federal Highways have to register with the Electronic toll collection system (ETCS), intended to compensate the damage caused to Russian Federal highways by vehicles exceeding 12 tons. Toll tickets (roadmaps) can only be purchased by users registered with the ETCS; Single toll tickets (route roadmaps) are no longer issued; The validity period of toll tickets is 7 days. Rostransnadzor, the Federal service for the supervision of transport, is authorised to impose fines on foreign drivers who have not paid the toll. Enforcement officers also have the right to retain the vehicle until the fine and toll are paid. First time violation will result in a fine of RUB 5 000 (EUR 64,5), increasing to RUB 10 000 (EUR 129) thereafter. It is important to note that a fine can only be imposed once per day for each vehicle.
    [Show full text]
  • Surface Transportation
    ANNUAL PRIVATIZATION REPORT: SURFACE TRANSPORTATION by Baruch Feigenbaum and Peter Smet Project Director: Austill Stuart September 2019 Reason Foundation’s mission is to advance a free society by developing, applying and promoting libertarian principles, including individual liberty, free markets and the rule of law. We use journalism and public policy research to influence the frameworks and actions of policymakers, journalists and opinion leaders. Reason Foundation’s nonpartisan public policy research promotes choice, competition and a dynamic market economy as the foundation for human dignity and progress. Reason produces rigorous, peer- reviewed research and directly engages the policy process, seeking strategies that emphasize cooperation, flexibility, local knowledge and results. Through practical and innovative approaches to complex problems, Reason seeks to change the way people think about issues, and promote policies that allow and encourage individuals and voluntary institutions to flourish. Reason Foundation is a tax-exempt research and education organization as defined under IRS code 501(c)(3). Reason Foundation is supported by voluntary contributions from individuals, foundations and corporations. The views are those of the author, not necessarily those of Reason Foundation or its trustees. TABLE OF CONTENTS PART 1 GLOBAL OVERVIEW ............................................................................................................. 1 PART 2 INTERNATIONAL HIGHWAY INFRASTRUCTURE: 2018 ..................................................
    [Show full text]
  • Decision Makers' Guide to Road Tolling in CAREC Countries
    Decision Makers’ Guide to Road Tolling in CAREC Countries Cumulative transport investments under the Central Asia Regional Economic Cooperation (CAREC) program reached $23.4 billion in 2017 through which approximately 9,964 kilometers of expressways or national highways were built or improved. For the upkeep of road corridors, CAREC countries agreed to take measures to set up road funds and road tolling to ensure adequate maintenance funding. This guide presents fundamental concepts of road tolling; addresses concerns typically faced in the introduction of tolls; and provides useful tips for design, implementation, and operation of toll road projects. It highlights challenges decision makers may face in implementing toll road projects and extracts lessons from international experiences relevant to the circumstances of CAREC countries. About the Central Asia Regional Economic Cooperation Program The Central Asia Regional Economic Cooperation (CAREC) Program is a partnership of 11 member countries and development partners working together to promote development through cooperation, leading to accelerated economic growth and poverty reduction. It is guided by the overarching vision of “Good Neighbors, Good Partners, and Good Prospects.” CAREC countries include: Afghanistan, Azerbaijan, the People’s Republic of China, Georgia, Kazakhstan, the Kyrgyz Republic, Mongolia, Pakistan, Tajikistan, Turkmenistan, and Uzbekistan. About the Asian Development Bank ADB’s vision is an Asia and Pacific region free of poverty. Its mission is to help its developing member countries reduce poverty and improve the quality of life of their people. Despite the region’s many successes, it remains home to a large share of the world’s poor. ADB is committed to reducing poverty through inclusive economic growth, environmentally sustainable growth, and regional integration.
    [Show full text]
  • ANNUAL REPORT 2013 Pillars of Success
    Pillars of Success ANNUAL REPORT 2013 Pillars of Success Тhe largest diversified company in the Russian transport infrastructure construction market, with a presence across A success story all core and related business 1 for more than 80 years 8 segments, and a participant in Russia’s pioneering public- Presence private partnership (PPP) in the most projects. 2 attractive investment regions 11 Unique broadly 3 diversified market player 12 Participation in all key 4 infrastructure development projects 24 Strong and growing 5 backlog 30 Leader in the road 6 services segment 40 Stable 7 management team 53 The only publicly listed 8 company in the sector 57 Strong engineering 9 tradition 68 http://mostotrest.ru/ Key Operation Activities Construction Services Road Concession Leading player in the Russian infrastructure Toll highway and bridges operation (UTS), With its joint venture partner VINCI, construction market. road repair and maintenance services Mostotrest owns 100% of NWCC on an equal (Mostotrest-Service). basis What We Do What We Do What We Do — Construction of roads and bridges; 1. Toll road operation — NWCC is the concession holder for — Construction of railway infrastructure; — Operation of toll collection systems and the km 15 – km 58 toll section of the — Construction of airfields and airports; intelligent transport systems (ITS); M-11 “Moscow – Saint Petersburg” — Construction of seaports and waterway — Development and implementation of Highway, currently under construction, infrastructure; optimal technological solutions for
    [Show full text]
  • Annual Report 2014 Engineering Space
    ANNUAL REPORT ANNUAL REPORT ENGINEERING SPACE ENGINEERING SPACE ANNUAL REPORT 2014 2014 2014 ENGINEERING SPACE Mostotrest is the largest diversified 2014 KEY FINANCIAL company in the Russian transport AND OPERATING RESULTS Contents infrastructure construction market, BACKLOG, MARKET SHARE, 1 About Us with a presence across all core and RUB BILLION -1% % +3.5 PP 08 Chairman’s and CEO’s Statement related business segments, and 12 2014 Key Events 16 Company History a participant in Russia’s pioneering 2014 352.0 2014 13.4 18 Key Ongoing Projects 2013 355.4 2013 9.9 20 Business Model public-private partnership projects (PPP). 22 Strategy 2012 281.3 2012 9.4 2 2014 Results REVENUE, GROSS PROFIT, RUB BILLION RUB BILLION 26 Market Overview KEY ADVANTAGES: +29% +47% 34 Operating Results 39 Financial Results 2014 150.5 2014 20.6 A success story for 85 years 3 Corporate Governance 2013 116.7 2013 14.0 2012 94.1 2012 13.1 50 Corporate Governance Principles Strong engineering tradition 53 Corporate Governance Structure 70 Internal Control and Audit 73 Information for Investors and Shareholders EBITDA, NET PROFIT, Stable management team RUB BILLION +63% RUB BILLION +2.7х 4 Social Responsibility The only publicly listed company 2014 15.4 2014 6.1 80 Personnel in the sector 85 Occupational Health and Industrial Safety 2013 9.4 2013 2.3 90 Environmental Protection 2012 11.3 2012 4.3 Strong backlog 5 Appendices Participation in all key infrastructure BACKLOG BREAKDOWN, % REVENUE BREAKDOWN, % 96 Auditors’ Report 98 Consolidated Financial Statements development
    [Show full text]
  • ASIAN HIGHWAY ROUTE MAP 500 Km
    40° E 60° E 80° E 100° E 120° E 140° E 500 Km. Vyborg Torpynovka 60° N St. Petersburg ASIAN HIGHWAY ROUTE MAP 500 Km. 60° N RUSSIAN FEDERATION AH8 Yekaterinburg AH7 AH6 Moscow AH6 AH6 Krasnoyarsk AH6 Ufa Petuhovo AH6 Chelyabinsk E30 Chistoe Isilkul AH6 Omsk Novosibirsk E30 AH60 Krasnoe Petropavlovsk Karakuga E30 AH4 AH8 Troisk AH6 Samara Cherlak E119 Kaerak AH7 AH62 Pnirtyshskoe E30 Kostanai AH64 Barnaul AH30 E123 Kokshetau AH60 AH30 E125 AH63 E127 Tambov E121 Pavlodar AH64 Irkutsk Ulan-Ude Borysoglebsk Saratov Kurlin AH7 AH64 Chita Kursk AH61 Pogodaevo AH60 AH6 Ozinki AH64 (AH64) AH6 E38 Shiderty (AH67) AH3 AH61 Voronezh Ural'sk AH62 Astana E127 Veseloyarskyj AH4 AH6 Krupets Kamenka AH7 (AH67) Belogorsk E38 AH8 Zhaisan E123 Krasny Aul E119 E125 Kyahta AH61 Arkalyk AH67 Semipalatinsk Heihe AH63 Altanbulag Zabaykalsk Blagoveshchensk E38 Aktobe Karabutak Karaganda AH60 E121 Tashanta (AH67) Ulaanbaishint Darkhan Georgievka AH3 Manzhouli AH30 Volgograd AH61 AH4 AH6 Donetsk AH70 E38 AH67 Khabarovsk AH32 E40 E40 AH60 (AH67) Ulaanbaatar Nalayh AH8 AH7 Hovd AH32 Sumber Arshan E119 Zhezkazgan AH32 Qiqihar AH31 Tongjiang (AH70) Atyrau AH63 E125 Taskesken Choybalsan (AH70) KAZAKHSTAN Uliastay Kotyaevka AH70 E105 Numrug Port of Odessa E40 Aralsk Baketu Ondorhaan AH62 Bakhty AH33 Astrakhan E121 E123 AH67 Takeshkan Choir Ucharal AH3 AH32 E40 AH68 MONGOLIA Yarantai Harbin AH30 Beyneu E014 Dostyk E119 AH60 Kyzylorda Burubaital AH4 AH8 E40 Alatawshankou Daut-ota Saynshand AH6 AH60 AH5 AH31 Pogranichny AH70 AH5 Port of Constantza 500 Km. AH63 E125 Jinghe
    [Show full text]
  • Interim Financial Report 30 JUNE 2020
    (Translation from the Italian original which remains the definitive version) Interim Financial Report 30 JUNE 2020 (Translation from the Italian original which remains the definitive version) Romania ● Railway Line Frontieră-Curtici-Simeria section (Lot 2A, Arad-Barzava-Ilteu section) i (Translation from the Italian original which remains the definitive version) General Index Interim Financial Report ______________________________________________________ 1 Condensed interim consolidated financial statements and notes thereto _______________ 79 Management Certification ___________________________________________________ 145 ii (Translation from the Italian original which remains the definitive version) Italy ● Line C of the Rome Metro, Piazza Venezia station 1 (Translation from the Italian original which remains the definitive version) Interim Financial Report 1 (Translation from the Italian original which remains the definitive version) Poland ● Lodz–Fabryczna Railway Station 2 (Translation from the Italian original which remains the definitive version) Contents Company bodies __________________________________________________________________ 4 Highlights _______________________________________________________________________ 7 Group profile _____________________________________________________________________ 8 Key events of the period ___________________________________________________________ 12 Covid–19 _______________________________________________________________________ 13 Composition with creditors on a going concern basis procedure
    [Show full text]
  • INTERGOVERNMENTAL AGREEMENT on the ASIAN HIGHWAY NETWORK the CONTRACTING PARTIES, CONSCIOUS of the Need to Promote and Develop
    INTERGOVERNMENTAL AGREEMENT ON THE ASIAN HIGHWAY NETWORK THE CONTRACTING PARTIES, CONSCIOUS of the need to promote and develop international road transport in Asia and with neighbouring regions, RECALLING the cooperation among members of the United Nations Economic and Social Commission for Asia and the Pacific in the formulation and operationalization of the Asian Highway network, CONSIDERING that in order to strengthen relations and promote international trade and tourism among members of the Uni ted Nations Economic and Social Commission for Asia and the Pacific it is essential to develop the Asian Highway network to the requirements of international transport and the environment, keeping also in view the introduction of efficient international intermodal transport, CONTINUING the cooperative efforts for planning, development and improvement of international road transport within Asia and between Asia and neighbouring regions, HAVE AGREED as follows: Article 1 Adoption of the Asian Highway network The Contracting Parties, hereinafter referred to as the Parties, adopt the proposed highway network hereinafter referred to as the “Asian Highway network” and described in annex I to this Agreement, as a coordinated plan for the development of highway routes of international importance which they intend to undertake within the framework of their national programmes. Article 2 Definition of the Asian Highway network The Asian Highway network as described in annex I consists of highway routes of international importance within Asia, including highway routes substantially crossing more than one subregion, highway routes within subregions, including those connecting to neighbouring subregions, and highway routes located within member States. Article 3 Development of the Asian Highway network The routes of the Asian Highway network should be brought into conformity with the classification and design standards described in annex II to this Agreement.
    [Show full text]