In Gazprombank commented on the appeal of «Bashkir case»

© RIA Novosti / Alexei Danceparty in fotomonster Gazprombank. Archival photoIn Gazprombank commented on the appeal of «Bashkir case»© RIA Novosti / Alexei Danceparty the image Bank

Won by the state Committee of Bashkiria and «Bashkirtostan» appeal in a dispute with the Federal Antimonopoly service due to a road concession will allow us to continue funding such projects with full compensation from the budget in installments, the Executive Vice-President of Gazprombank Alexey Chichkanov. GBO participates in a number of such concessions.

Ninth arbitration court of appeal on Monday overturned the decision of the lower arbitration, which previously upheld the decision of the Federal Antimonopoly service terminated a tender for the construction of the concession highway in Bashkiria. The appeal also dismissed the case. Other details in the court records is not disclosed. For APK the Tribunal shall terminate the proceedings and, in particular, in the case of approval of the settlement agreement or rejection of the claim.

The petitioners demanded the court of first instance to cancel the decision of the FAS of January 31, 2017. This decision, the Agency cancelled the tender for a concession agreement on financing and construction of the road Sterlitamak-Magnitogorsk due to the fact that «under this agreement the cost of the work have been fully covered by the budget, private investment was not provided». The budget of the Republic in the next 15 years would have amounted to in this case, about 22 billion rubles, reported the FAS.

«This means that the competition was conducted correctly and legally, and now the investor can continue the project – to conclude the concession agreement and to invest in the construction of the road. But this is not the most important thing. The market is very closely followed this process. Now the dots over the «i» apart, and the ambiguity that FAS is seen in the wording of the law, clarified by the court – that is, the law allows to Finance projects with full payment due to the budget in installments,» said Chichkanov, RIA Novosti reports.

However, according to Chichkanova, amendments to the law on concessions will not interfere, and the Ministry of economic development together with the FAS working in this direction. «The law includes many provisions which should be improved – this applies not only to the concept of the payment of the grantor, which formally is absent in the law», — he added.