Hogan Lovells advises on one of the major healthcare PPPs in Russia and CIS
19 January 2016
Moscow, 19 January 2016 – Hogan Lovells Moscow-based team has assisted Nevskaya Medicinskaya Infrastruktura, a JV of Pizzarotti I.E. and Gazprombank in relation to a PPP project with the City of St. Petersburg. Pizzarotti is a leading Italian construction company and Gazprombank is the third largest bank in Russia.
The parties signed the public-private partnership (PPP) agreement for the Design-Build-Finance-Maintenance (DBFM) of the EUR 240 million project at the end of December 2015. This is one of the first healthcare PPPs in Russia and CIS and by far the biggest one to date.
The Hogan Lovells team was led by Moscow partner Alexander Dolgov, head of IERP practice in Russia and CIS, with senior associates Konstantin Makarevich and Svetlana Sorkina assisting.
Commenting on the transaction, Alexander said:
"We feel honored to be part of this new success for the Russian PPP market having helped the client team to bring to successful commercial close this groundbreaking project. It is not only one of the first and the largest healthcare PPP in Russia and CIS, but also the last PPP in St. Petersburg structured on the basis of the regional PPP law prior to the Federal Law on PPP entering into force on 1 January 2016. We hope that it will pave the way for further private investments into Russian healthcare, including from leading international investors and operators."