EDB assigns part of subordinated loan for Russian Central Ring Road 3 project
The Eurasian Development Bank (EDB) has assigned a part of the mezzanine loan it had provided for Russia’s largest infrastructure project – the construction of Central Ring Road 3 in the Moscow Region.
The project is Russia’s first infrastructure megaproject, which is partly financed by the National Wealth Fund. The total project value is RUB300 billion ($4.32 billion), of which RUB150 billion will be extended by the National Wealth Fund.
The senior project lenders are Gazprombank, the Eurasian Development Bank, and Sberbank. The concession to run the project has been granted by Russian Highways.
Central Ring Road 3 will run parallel to the A-107 Small Concrete Ring in the north-east of the Moscow Region and connect M11, the new high-speed road linking Moscow and St. Petersburg, and the M7 Volga road. The highway will have four lanes with a designed speed of 140 km/hour and will include 69 bridge structures: 17 bridges, five wildlife crossings, two pedestrian crossings, and 45 flyovers, including those to be built on four junctions.
