Lena Bridge construction won’t require adjustments to Yakutia budget in 2020
[:en]YAKUTSK, RUSSIA. MAY 13, 2016. An aerial view of the Lena River. Anton Novoderezhkin/TASS
Ðîññèÿ. ßêóòñê. 13 àïðåëÿ 2016. Ðåêà Ëåíà. Àíòîí Íîâîäåðåæêèí/ÒÀÑÑ[:]
Investor shall finance the first stages under the private concession initiative
The construction of the bridge across the Lena will not require adjustment to the regional and federal budgets for 2020, Yakutia 24 TV channel reports with the reference to TASS.
Head of the region Aisen Nikolaev informed TASS about this today, November 25th. He said that the investor to finance the project’s first stages under the private concession initiative.
“We proceed from [those conditions] that the funds of a private investor will be quite large <...> Given that a private concession initiative is adopted, financing in 2020 can be at the expense of the concessionaire,” Aisen Nikolaev said.
It is noted that the project implementation will take place on a public-private partnership. Part of the financing will be investor’s funds, and part is a capital grant, formed from the regional and federal budgets. The grant funds are supposed to be used at the later stages of the bridge construction, tentatively in the years 2022-2024.
Earlier, we reported that the Lena Bridge project in the republic interested several potential investors at once.