FINANCING FOR CRR-4 CONSTRUCTION HAS BEEN LAUNCHED

THE FIRST DRAWDOWN OF THE SYNDICATED LOAN GRANTED BY A BANKING SYNDICATE COMPRISED OF SBERBANK, GAZPROMBANK, VEB.RF, AND EDB AS PART OF FINANCING OF THE FOURTH CENTRAL RING ROAD (CRR-4) CONSTRUCTION PROJECT IN MOSCOW REGION TOOK PLACE ON JANUARY 27, 2020.

Extrabudgetary financing of the project consists of subordinate financing in the amount of 4.1 billion rubles for a period of 20 years in junior tranches and a loan from a banking syndicate - senior lenders, comprised of VEB.RF, Gazprombank, Sberbank, and the Eurasian Development Bank (EDB), for a total of 35.8 billion rubles for the period until 2036.

The CRR-4 project includes financing, construction, and subsequent operation of a 96.846 km road section. The fourth Central Ring Road will pass through the southeast of the Moscow region - 50 kilometers away from the Moscow Ring Road - covering the areas of the Noginsky, Pavlovo-Posadsky, Voskresensky, and Ramensky districts, as well as the urban districts of Elektrostal and Domodedovo.

The route will extend from the M-7 (Volga) Highway to the M-4 (Don) Highway. The traffic intensity estimated for 2030 is 40.3 thousand vehicles per day. This section will correspond to category IA, so it will be a highway with an estimated speed of 150 km/h. The first phase of the Central Ring Road construction involves the construction of four traffic lanes, two in each direction.

During the construction works, 67 bridge structures will be erected, including 14 bridges and 53 overpasses of two different types, as well as 3 pedestrian crossings at different levels, 2 cattle crossings, and 1 wildlife crossing. The project also provides for the installation of six traffic intersections at different levels - at the intersection with the M-7 Highway, А107 Route, Yegoryevsk Highway, M-5 (Ural) Highway, Vostryakovo-Obraztsovo (Domodedovo Airport access lane), and M-4 Highway.

The CRR provides for 5 construction stages, which would enable the commissioning of individual launch sites as independent investment objects.

SPECTRUM GROUP IS PERFORMING FINANCIAL AND TECHNICAL MONITORING FOR THE BANKS FOR THIS PROJECT.