29.04.2014

TWO CAPITALS HIGHWAY LLC CONSTRUCTS SECTIONS 7 AND 8 OF M-11 HIGHWAY

On April 29, 2014, the tender committee chaired by Maksim Sokolov, the Minister of Transport of the Russian Federation, announced "Two Capitals Highway" LLC a winner of an open tender for the right to enter into the Concession Agreement on Financing, Construction and Toll Operation of Moscow – St. Petersburg Highway at Sections km 543 - km 646 and km 646 - km 684.

          The tender committee held an open session with attendance of mass media representatives.

          Three bids were submitted to the tender:  


  1. OOO Avtodorozhnaya Stroitelnaya Korporatsiya proposed the following conditions of the Project implementation in accordance with the tender criteria (sub-criteria):

Capital grant of 61,928 000 million rubles in prices of respective years (2015-2017), VAT included;

Operation payment of 33,455 000 million rubles, VAT included, throughout the whole validity period of the Concession Agreement in prices as of 1st quarter of 2012;

Investment payment: 62,076 000 million rubles (VAT exempt) throughout the whole validity period of the Concession Agreement in prices of respective years.


  1. "Two Capitals Highway" LLC proposed the following conditions of the Project implementation in accordance with the tender criteria (sub-criteria):

Capital grant of 57,600.795 million rubles in prices of respective years (2015-2017), VAT included;

Operation payment of RUB 33 429 021 million rubles, VAT included, throughout the whole validity period of the Concession Agreement in prices as of 1st quarter of 2012.

Investment payment: 59 416 301 million rubles (VAT exempt) throughout the whole validity period of the Concession Agreement in prices of respective years.


  1. , OAO Stolichny Trakt proposed the following conditions of the Project implementation in accordance with the tender criteria (sub-criteria):

Capital grant of 61 690 000 million rubles in prices of respective years (2015-2017), VAT included;

Operation payment of 34 980 000 million rubles, VAT included, throughout the whole validity period of the Concession Agreement in prices as of 1st quarter of 2012.

Investment payment: 53 980 000 million rubles (VAT exempt) throughout the whole validity period of the Concession Agreement in prices of respective years.


          All tender bids were recognized as compliant with the tender documentation.

Following the results of assessment of tender bids of the participants, the final tender score of "Two Capitals Highway" LLC reached 79.8556; that of OAO Stolichny Trakt amounted to 32.2000, and OOO Avtodorozhnaya Stroitelnaya Korporatsiya got 29.4975.

         Thus, the tender offer of "Two Capitals Highway" LLC was considered having the best conditions among the provided offers. The committee resolution announced "Two Capitals Highway" LLC as the tender winner.

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