Support The Moscow Times!

Putin Allies Get Biggest Contracts

Two companies co-owned by people seen as close to President Vladimir Putin were awarded the biggest road and bridge construction contracts by City Hall in 2011 and 2012, Vedomosti reported Monday.

In the period, a total of 150 road and bridge construction contracts worth 182.4 billion rubles ($6 billion) were awarded, a representative of City Hall’s construction department said.

Of the contracts worth over 300 million rubles each, two thirds were awarded to ARKS, a construction company co-owned by Gennady Timchenko, Arkady Rotenberg’s Mostotrest, Kosmos and Ingeokom.

ARKS obtained contracts worth 40 billion rubles, while Mostotrest was awarded deals worth at least 44 billion rubles.

ARKS’ contract portfolio includes three road upgrades and an interchange on Volgogradsky Prospekt. In the first half of 2010, under then-Mayor Yury Luzhkov, ARKS was also the most successful bidder, winning contracts worth 7.4 billion rubles.

Timchenko acquired a stake in ARKS in 2011. Sources close to Timchenko told Vedomosti then that the businessman usually gets stakes in exchange for helping companies in their dealings with the government. Vladimir Lavlentsev, another co-owner of ARKS, was a deputy head of the municipal contracts department until November 2010.

… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.


Read more