PPP in Nizhny Novgorod way


Evgenia Zusman, the partner in You & Partners, and Alexander Lykov, the lawyer, took part in PPP Day in Nizhny Novgorod arranged by the branch of the National Research University Higher School of Economics (HSE) in Nizhny Novgorod.

The event was opened by the Head of Nizhny Novgorod Elizaveta Solonchenko and Minister of Investment, Land and Property Relations Ekaterina Pivovarova.

The event was attended by experts from HSE University and guest speakers involved in PPP project support, such as Igor Chebanov, Head of PPP, Corporate and Insolvency Department of the Ministry of Investment, Land and Property Relations of Nizhny Novgorod Region, Sergey Kamyshenko, Director of Infrastructure Financing Department at VTB Capital PLC, Natalia Reznichenko, Associate Director, Corporate Finance, PPP and Infrastructure at KPMG, Arthur Scheglov, CEO at Hyperion Strategy Group and InfraClub coordinator, Evgeniy Glumov, Head of PPP and Infrastructure Projects Department at the Autonomous Non-Commercial Organization “Moscow Transport Hub Directorate”, and Fedor Serov, chief project analyst of Infrastructure Projects and PPP Department at Gazprombank (JSC).

Evgenia Zusman took the floor as the moderator of stress testing of the PPP projects in Nizhny Novgorod Region and taught a workshop on “Legal and organizational matters of preparing and implementing PPP projects at the stages of structuring, financial and commercial closing”.

During the stress test, Evgenia outlined the PPP profile of Nizhny Novgorod Region co-developed with CoLTI (Concessionaires and Long-Term Infrastructure Investors National Association), HSE University and Nizhny Novgorod Region Government, highlighting the commanding lead of the region in the PPP area, distinguishing its significance for promoting PPP in social sector (Russia’s first ever health and fitness centers, and such financing instrument as bonds issued by concessionary, or so called “infrastructure bonds”).

In her workshop, Evgenia brought up the practical aspects of PPP project development at all stages, summarized the case practice established and accentuated the key reasons for challenging concession auctions.

The special focus was given by Evgenia to structuring the projects in the light of requirements made by financing institutions. She made a point that the sooner a potential financier is substantially involved in the project structuring, the more smoothly the financial and commercial clothing stages will pass.

You & Partners Press Service

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