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Toll road to Kazan plan to build on the “people’s” money

Платную трассу до Казани планируют строить на «народные» деньги

The money to build a road megaproject — a new toll highways M12 from Moscow to Kazan can take the Russians through the issuance of government bonds. This broadcast of “Radio Avtodor” said the head of the state company “Avtodor” Vyacheslav Petushenko, reports RIA Novosti.

According to him, the issue of perpetual securities, including “national” and “perpetual” bonds, is discussed as one way of raising funds as allocated for the work money is not always enough.

The company already enjoys raising funds on the market, its bonds are actively buying Russian banks, said Petushenko. He also added that the funds that have invested in road construction, are protected despite the low level of profitability, their repayment guaranteed car traffic on the roads.

In June, Plushenko talked about the needs of the company in the extra-budgetary funds in the amount of 400 billion rubles until 2024. How Avtodor wants them to, he explained.

In June that funds collected at the expense of “national” bonds, can be spent on the construction of transport projects, said the head of Ministry of transport of Russia Eugene Dietrich.

Previously, the Russian government said it is preparing the bond placement volume of around 300 billion rubles. The funds will go to Finance infrastructure projects, including the construction of roads in China.

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