Construction of Moscow – Saint-Petersburg toll highway is a key project of VTB Infrastructure Holding.
In 2013 VTB Group and French Vinci corporation set up Two Capitals Highway (TCH) company to implement the private-public partnership project of construction and operation of sections 7 and 8 of М-11 Moscow–Saint-Petersburg highway. A concession agreement between the Government of the Russian Federation, which is represented by “Russian Highways” state company, and TCH was made in the end of 2014. The agreement is made for 27 years, including the construction period. The sections of the highway were commissioned in 2019.
M-11 highway bears strategic importance for development of the country’s transport infrastructure, linking the two major cities. Moreover, the highway not only connects the two capital cities, but together with the Central Ring Road and Moscow – Nizhny Novgorod – Kazan highway will form a part of the Northern Europe – Western China transport corridor.
Investments in the project amounted to over RUR80 bn, where RUR57,6 bn were provided as a government grant, and the rest of the funds were contributed by private investors. This is the first project in Russia, financed via loans and bonds, offered on the market. The total length of the sections built is more than 141 km, with 17 bridges, 44 flyovers and 1 tunnel under a railway. The construction involved up to 7000 workers and 500 units of equipment.
The daily traffic of the new highway is more than 40 thousand cars.
М-11 is an absolutely new highway, designed and constructed to bypass any cities or towns, the first of its kind ever built in Russia from scratch.
The highway was built in line with the best international standards and stands out for its unprecedented for the Russian road industry high level of attention to environmental issues, driver safety and comfort.
The investment project has been recognized by many prestigious international and Russian infrastructure awards, including EMEA Finance and National Award “ROSINFRA”.