ASK LLC — Avtodorozhnaya Stroitelnaya Korporatsiya — was established in 2013. The main activity of the business unit is financing, construction and toll operation of the “Central Ring Road of the Moscow Region. Start-Up Complex (Construction Phase) No. 3”.
Start-Up Complex No. 3 section of the Central Ring Road provides for the construction of the highway section from the intersection with M-11 (Moscow — St. Petersburg) high-speed highway under construction to the intersection with M-7 Volga federal highway.
Start-Up Complex No. 3 section of the Central Ring Road is made an independent investment project due to the fact that this section is of high importance both for the region and for the economy of the Russian Federation as a whole. In particular, Start-Up Complex No. 3 of the Central Ring Road is one of the conditions for creating a modern transport infrastructure integrated with the network of international transport corridors in order to realize the country’s transit potential, as well as to ensure the maintenance of traffic flows outside the central part of the Moscow transport hub and reduce the congestion of the associated road network.
In September 2016, a concession agreement was signed to finance, build and toll operate the Central Ring Road of the Moscow Region. Start-Up Complex (Construction Phase) No. 3”.
In March 2017, a financial closing act for the project was signed; credit financing in the amount of RUB 38.5 billion is provided by a syndicate of banks, which includes Sberbank, PJSC, Bank GPB (JSC) and the Eurasian Development Bank.
In December 2018, the Concession Grantor confirmed the completion of 46% of the total construction cost, which is fully consistent with the planned execution schedule under the concession agreement.