Adam Smith Conferences would like to thank all participants - speakers, sponsors and delegates - for contributing to the success of its 2nd annual conference on Transport Infrastructure in Russia.

The conference opened on 9th November with the Rail Reform Summit. Anna Belova, Vice President, headed up the delegation from JSC Russian Railways and the whole morning was dedicated to comprehensive briefings from the company. This was followed by a lengthy Q&A session and a lively panel discussion in which they were joined by key interested parties including SUAL-Transport, Severstaltrans, the Ministry of Economic Development & Trade, Brunswick Rail Leasing and TransCreditBank.

The main conference opened with presentations by key government officials, headed by Arkady Dvorkovich, Head of the Expert Directorate of the Presidential Administration and Valentin Zavadnikov, Chairman of the Industrial Policy Committee of the Federation Council.

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The focus of the conference then moved to PPPs and the outlook for their successful implementation in Russia. Key contributors included senior experts from Ernst & Young, Baker & McKenzie and Freshfields. They were joined by the World Bank, EBRD, Higher School of Economics and the Ust-Luga Company.

The eagerly-awaited session on Road Projects featured presentations from St Petersburg City Government, Rosavtodorconsulting, EBRD and Dorservis amongst others. Much of the debate centred upon the possibility of private finance, including the application of tollroads and the development of key projects such as the St Petersburg - Moscow motorway.

The next day opened with a lively discussion of the airports sector with Vitaly Vantsev, General Director of Vnukovo, highlighting the cooperation between the major Moscow airports and Lev Koshlyakov of Aeroflot, outlining the national flag carrier's relations with the various airports, with particular emphasis on Sheremetyevo and its planned redevelopment.

The final financing session ensured that the conference finished on a high with a highly authoritative and varied speaker panel: Troika Dialog outlined the opportunities for tapping the international and domestic capital markets, the IFC discussed the availability of financing from the multilaterals, UBS Investment Banking highlighted how international experience could be utilised in Russia, Industrial Investors provided a private equity investor's viewpoint and Standard & Poor's gave an excellent insight into how the credit rating was reached for JSC Russian Railways.

The conference is now firmly established as a key annual meeting-place for transport infrastructure professionals in Russia. With the government reaffirming its commitment to private sector involvement in the financing, management and delivery of its major transport infrastructure development programme, participants are eagerly awaiting next year's event.

To ensure that we keep you informed of all developments for next year's event, please email us at transport@adamsmithconferences.com .

Particular thanks go to the sponsors of the conference: TransCreditBank, Motorola, Brunswick Rail Leasing, Baker & McKenzie, Ernst & Young, Jaakko Pöyry Infra, Freshfields Bruckhaus Deringer, RD Leasing and Troika Dialog.


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