Sberbank of Russia : and Rosvodokanal to develop public and private partnership

June 30, 2020, Moscow - Sberbank and Rosvodokanal have signed a strategic cooperation agreement to implement several national public-private partnership projects on the water supply and sanitation to modernize infrastructure on a large scale, improve quality of drinking water, reduce accidents across water-supply networks, as well as develop Russian innovative solutions and implement the world's best practices to improve the environmental landscape throughout Russia.

By combining the best corporate competencies, the partners plan to design requirements and mechanisms for conducting legal, technical, and financial expertise when working on industry projects, standard solutions for their financing and improve banking support procedures.

The parties have already started working together - Sberbank opened financing for RUB 2 bln to modernize urban systems and build new water supply and sanitation facilities in Arkhangelsk where water supplies have been managed by Rosvodokanal since 2018. In June, RVC-Arkhangelsk LLC received the first tranche worth RUB 1 bln.

Mikhail Chachin, Vice President and Director of the State Sector Department, Sberbank,

'Rosvodokanal is the largest player in the water supply and sanitation market. Sberbank has been working with it for a long time, we have completed several projects together, and more are in the pipeline. The signed agreement has a strategic purpose, which includes the designing of joint initiatives, including legislative ones, to develop the PPP market.'

Anton Mikhalkov, CEO, Rosvodokanal Group,

'We are confident that our strategic partnership with the country's largest financial institution will be an effective driver behind systemic changes in the water supply and sanitation industry, and will enable us to implement large-scale infrastructure projects to modernize the utility system, build new modern facilities, and improve the ecology of Russia's regions.'