25.02.2024

On joint implementation of infrastructure projects

On joint implementation of infrastructure projects. The group “vis” and Chinese railway construction Corporation (CRCC) have signed an agreement to establish a consortium for implementation of projects on development of transport infrastructure.

About it reported in a press release of the Russian company. The document was signed by Deputy Chairman of the Board of Directors by Vyacheslav Kornilaeva and Chairman of the Board of Directors of CRCC lang man Tao (Tao Meng) in the presence of the Chairman of the Board of Directors of “vis” Igor Snegurov and Chairman of the Board of Directors CRCCI Lei Zhuo (Zhuo Lei).

As noted, the further interaction of Russia and China involves a wide range of tools, including the establishment of companies in the construction of metro lines. The parties also agreed to establish a joint company, which will participate in investment projects on the territory of Russia and countries of the Middle East.

The group “vis” is a diversified holding company, implements large infrastructure projects, is one of the largest General contractors in the construction of power generating facilities and oil and gas industry. Estimated value of the projects of public-private partnerships, which are included in the group’s portfolio vis, more than 630 billion rubles.

CRCC is the second largest state construction company of China (after China Railway Engineering Corporation), is involved in transport infrastructure projects in more than 100 countries.

Chairman of the Board of Directors of “vis” Igor Snegur noted that the agreement on the establishment of a consortium with CRCC “will have a significant synergistic effect for the domestic market”:

“Earlier, we reached agreement with our Chinese partners on the establishment of a joint consortium today issued it in the form of a specific document. The group “vis” actively cooperates with global leaders in the infrastructure market, one of which, no doubt, is CRCC. The Association of the accumulated competencies of our companies in building and financing infrastructure projects will have a significant synergistic effect for the domestic market”.

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