Page 46 - U4SSC Compendium of practices on innovative financing for smart sustainable cities projects
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Observations
• An unsolicited project proposal was allowed to reduce public costs and accelerate competitive
procedures for contracting.
• The developer’s completion of certain design work, prior to the delivery of the proposal and
contracting allowed for an accurate cost estimation and quicker mobilization.
• The involvement of the company sponsors in the process of project proposal development,
public appraisal and financial closing allowed the developer to recover its venture investments
more easily.
• Giving control of the project company to equity investors affiliated with the Engineering,
Procurement and Construction (EPC) contractor could cause a conflict of interest with sponsors,
and therefore, should be avoided.
Figure 8: Toll road bypass of Togliatti with bridge over Volga river (Russian Federation)
Photos/Illustrations
Photo Credit: JSC Concession company of Togliatti bypass
Contact information
Name: Mr Alexander Afanasiev, General Director of SPV concessionaire of Togliatti bypass
E-mail: a.afanasiev@ infrakap .ru
Phone: +7 916 970 2731
Name: Mr Denis Anisimov, Deputy Director of Avtoban road construction and investment
company
E-mail: d.anisimov@ avtoban .ru
Phone: +7 985 774 6274
Name: Mr Victor Kudryashov, Chairman of Samara Regional Government
Phone: +7 846 221 4020
34 Compendium of practices on innovative financing for SSC projects | January 2023
