The mechanisms of financial risk management in the implementation of PPP projects were discussed at the round table.

A round table discussion on "Improving the legislation of the Russian Federation on concession agreements in relation to highways" was held today at the Federation Council Committee on Economic Policy. The event was attended by representatives of the Ministry of Economic Development of the Russian Federation, the Ministry of Transport of the Russian Federation, the state company Avtodor, and the National Center Razvitie. Russian Federation", banks, as well as regions implementing major road concession projects.
Dmitry Kapitov, Deputy Chairman of the St. Petersburg Investment Committee, spoke via videoconference about the experience of implementing concession agreements on St. Petersburg's highways.
"The transport sector is traditionally one of the main ones for the mechanism of public-private partnership in St. Petersburg. One of the most striking examples is the Western High–Speed Diameter, which has become a key element of the city's transport infrastructure and served as a prototype for the further development of the toll highway network, including the creation of a high-speed Highway. The latitudinal highway is a complex and capital–intensive project. Given that the concession agreement for the construction of the CMMSD has been concluded for 49 years, fluctuations in macroeconomic indicators are inevitable over such a long period. At the same time, the need to minimize the impact of risks was taken into account even at the stage of preparing the agreement and determining the main financial indicators and legal conditions for the construction of the MMSD," Dmitry Kapitov noted.
Thus, the mechanisms for taking into account macroeconomic risks in the CMMS concession agreement are included in the agreement itself at the pre-investment stage. Even before the agreement was signed, an application was sent for the participation of the SCHMSD project in the selection of concession projects to provide co-financing from the federal budget. As part of the selection process, the socio-economic effectiveness of the CMMSD project was confirmed. Based on the results of the review of the application by the interdepartmental government commission, a positive decision was made to allocate federal funds for the project in the amount of 90 billion rubles.
It should be noted that in order to improve the policy in the field of PPP, St. Petersburg has carried out extensive work on updating regional legislation. In particular, in the spring of 2025, the procedure for the provision of state-owned land in St. Petersburg was optimized in the execution of concession agreements and PPP agreements. The legislative innovations initiated by the St. Petersburg Investment Committee relate to the construction of highways and are designed to encourage investors to participate in the creation of St. Petersburg's transport infrastructure.