Support The Moscow Times!

Putin's Friends to Develop Moscow Toll Roads

Within several years, Russia may have its first two first toll roads, and both would be built with public money and be spearheaded by associates of Vladimir Putin, review by Vedomosti has found.

Each of the roads will lead out of Moscow. The figures behind both roads are acquaintances of Prime Minister Vladimir Putin from St. Petersburg: Yury Kovalchuk and Arkady Rotenberg.

Vedomosti has been conducting investigations into how and who builds roads in Russia.

“I was amazed at how strongly Prime Minister Vladimir Putin has eliminated the obstacles that we face,” Yves-Thibault de Silguy, president of construction and concessions group Vinci, told the French Les Echos in the spring.

Vinci, the world's largest such company by some estimates, is heading the development of the $8 billion highway that would require razing part of the centuries-old oak forest in Khimki, north of Moscow.

In March, the European Bank for Reconstruction and Development announced that it was refusing to finance the construction of the Moscow-St. Petersburg toll road, because it would cut down oaks in the Khimki forest.

Putin personally intervened in that problem and quickly found a replacement for the foreigners. Under conditions surprising for Russia, Sberbank and Vneshekonombank will return credit to SZKK instead of to the foreigners.

But it isn't non-Russians who have control of the situation, but Russian private investors. That prize may go to the bank Rossia, whose largest shareholder is Putin’s friend Kovalchuk.

The concession for building and operating a route to the Moscow Ring Road from the M1 "Belarus" highway ― which is the Moscow-to-Minsk federal highway ― was won by the company Glavnaya Doroga. That company is , 50.01 percent controlled by Lider, a company held by Rossia.

The road in the St. Petersburg direction will be the concern of co-owners of the company N-Trans: Nikita Mishin, Andrei Filatov and Konstantin Nikolayev.

This company was previously called Severstaltrans, and until 2004 the current Transportation Minister Igor Levitin worked as its deputy director.

Sign up for our free weekly newsletter

Our weekly newsletter contains a hand-picked selection of news, features, analysis and more from The Moscow Times. You will receive it in your mailbox every Friday. Never miss the latest news from Russia. Preview
Subscribers agree to the Privacy Policy

A Message from The Moscow Times:

Dear readers,

We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."

These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.

We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.

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 every contribution makes a significant impact.

By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.

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

Read more