Sowing infrastructure fund

Company

Financial services, investments and audit
Russia

Owners:
Sberbank of the Russian Federation
InfraONE (First infrastructure company)

Owners

+ Government of the Russian Federation

+ InfraONE (First infrastructure company)

The sowing infrastructure fund is intended for investments into preparation of infrastructure projects.

History

2018: A project startup on creation of fund

Sberbank CIB, corporate and investment business of Sberbank, announced on August 30, 2018 a project startup of creation of the Russia's first sowing fund for investments into preparation of infrastructure projects. The fund will be engaged in investment into preparation, justification, start and maintenance of project implementation of public-private partnership and concessions, beginning from formation of the project and until the conclusion with the investor of the agreement on project implementation.

Projects with capacity of capital investments from 10 to 100 billion rubles in transport, social, power, information and communication, housing-and-municipal and other types of infrastructure will become focus of investment of fund. According to the investment declaration the investment volume into preparation and support of one project will be from 60 to 150 million rubles. The term of investments — up to 30 months. The term of life of fund — 6 years. For this period it is going to bring to the market more than 100 infrastructure projects. Financial closure of fund is going to be completed until the end of 2018.

The total amount of fund will be over 12 billion rubles. Sberbank acts as the anchor investor and one of shareholders of management company of fund. The InfraONE investment company became the partner of bank in the project of creation of fund. Also the possibility of participation in the project is considered by the State transport leasing company. The fund will cooperate with the federal and regional public authorities, the agencies and corporations of development interested in start of infrastructure projects and also with other participants of the infrastructure market.

Participation in the projects for development of infrastructure including implemented on the principles of PPP and concessions is for us one of the priority directions of business. The fund is the perspective instrument of market development of investments into infrastructure projects and is aimed at lacing of the "narrow" place of the market — solution of the problem of deficit prepared for investors and creditors of infrastructure projects. Participation in the project will allow Sberbank to increase a share and to strengthen competitive positions of bank in the market of infrastructure financing and completely answers a problem of development of infrastructure as one of the key directions of the state economic policy — Igor Bulantsev, the senior vice president of Sberbank, the head of Sberbank CIB said.

Источник — «https://tadviser.com/index.php/Company:Sowing_infrastructure_fund»

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