Support The Moscow Times!

Rotenberg Company Wins Sheremetyevo North Zone Construction Tender

TPS Avia Holding, a company owned by a group of businessmen including Arkady Rotenberg, has won a tender to develop the north zone of Moscow's Sheremetyevo, outbidding a company affiliated with Victor Vekselberg's Renova, the airport's CEO Mikhail Vasilenko said Monday.

TPS proposed to create a number of joint ventures with the airport and committed to inject $635 million of its own funds, Vasilenko said. Renova promised to invest $2.4 billion of borrowed money.

The winning bid envisages the construction of a terminal capable of handling 15 million passengers annually, a cargo terminal, a refueling point and a tunnel connecting the northern zone with the existing southern zone. Renova proposed to expand the capacity of existing Terminal D by 5 million passengers and construct a new terminal in the northern zone, which would have been able to deal with 7 million passengers. A tunnel connecting the two terminals would have been constructed after 2020.

… 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.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more