A.L. Kostin congratulated "Northern Capital Highway" company with two anniversary dates

VTB Bank (PAO) President and Chairman of the Management Board Andrei Leonidovich Kostin congratulated Northern Capital Highway on the company's tenth anniversary and the fifth anniversary of the completion of the Western High-Speed Diameter intracity freeway.

The head of VTB Bank noted that the WHSD is the world's largest public-private partnership project in its field, which is a truly unique and in-demand road that solves St. Petersburg's key infrastructure problems. According to A.L. Kostin, the highway has improved the quality of life, provided time savings, safety and comfort, and, in addition, contributes to improving the environmental situation. The project gave a powerful impetus to further growth of the economy of the city and the region - thousands of new jobs were created, St. Petersburg enterprises received new orders, and the city's budget receives large tax payments.

"The Western High-Speed Diameter is a project that is constantly being improved: new exits are opened, modern technologies are implemented, and the road is developing to meet the needs of the citizens. In March the construction of Vitebsk interchange of WHSD started, which will become a new large-scale infrastructure transport project of the Northern Capital and will connect the diameter with the prospective Shirotnaya expressway", - noted A.L. Kostin.

At the end of his address, Andrei Leonidovich thanked all the specialists involved in the implementation of the project.


Northern Capital Highway LLC, part of VTB Infrastructure Holding, is implementing a public-private partnership agreement with St. Petersburg.
In accordance with the Agreement, the company carried out the functions of financing and construction of the Central Section of the Western High-Speed Diameter Highway. In addition, the Northern Capital Highway LLC operates the entire WHSD highway within the framework of the concession.

The project has been awarded by the leading international and Russian economic publications: Project Finance International, Project Finance Magazine, World Finance, Infrastructure Investor, Securities Market. The WHSD was awarded as the best infrastructure project by the Russian Ministry of Transport, the Development Award of Vnesheconombank.