VTB, together with the Ministry of Economic Development of the Russian Federation, the Ministry of Industry and Trade of the Russian Federation and the Association of Infrastructure Investors and Creditors (AIIC), participated in the development of a draft law that allows extending the operation of the public-private partnership (PPP) mechanism to large, economically significant industrial projects aimed at achieving technological sovereignty. The law on amendments to FZ-224 was signed by the President of the Russian Federation on August 8, 2024, which makes it possible to start implementing industrial projects based on PPP as early as 2025. This is stated in the bank's message.
Thanks to the joint work of VTB Bank in partnership with departments and relevant market participants, the main criteria for industrial projects that can be financed using this tool, the format of state participation and the mechanism for selecting projects for the creation and reconstruction of industrial facilities on private land were determined.
As a result, the adopted law applies to projects that meet the criteria of technological sovereignty and structural adaptation of the economy of the Russian Federation, worth more than 10 billion rubles, investments of private investor's own funds should be at least 15%, the share of state financing should not exceed 50%. The remaining part of the financing can be provided by banks.
VTB is a pioneer of the domestic PPP market. The Bank has been working in this area since 2007. VTB Bank is also an active participant in government support programs for investment projects aimed at import substitution. VTB Infrastructure Holding has been established in the group, which has the necessary financial, technical and industry expertise to initiate and implement large-scale PPP transactions.
The bank's assets include the largest PPP project in the world at the time of its implementation - the construction of a toll road – the Western High-Speed Diameter in St. Petersburg; the country's first PPP project for the development of an airport - the modernization of the air harbor of the northern capital Pulkovo; the construction of two sections of the M11 expressway; and many others.
In total, VTB Group attracted more than 1 trillion rubles of investments into the domestic infrastructure, including 500 billion rubles of loans and the bank's own funds.
Members of the Association of Infrastructure Investors and Creditors: VTB, JSC Bank DOM.RF, Beber, Gazprombank, PSB, Sovcombank, Alfa-Bank, AVTODOR Group, AVTOBAN, NAIK, NPS, VIS Group, Donaerodorstroy JSC, Rosatom".
VTB Group is a Russian financial group comprising more than 20 credit and financial companies operating in all major segments of the financial market. In the CIS countries, the group is represented in Armenia, Ukraine, Belarus, Kazakhstan, and Azerbaijan. VTB banks in Austria, Germany and France operate within the framework of a European sub-holding headed by VTB Bank (Austria). In addition, the group has subsidiaries and associated banks in the UK, Cyprus, Serbia, Georgia and Angola, as well as one branch of VTB Bank in China and India, two branches of VTB Capital Plc in Singapore and Dubai.
