PPP and infrastructure projects in Russia


Dentons is a popular choice for major federal and regional PPP projects, as well as local concessions and infrastructure projects. The team is also active in PPP projects in the IT sector. The department is led by Vladimir Kilinkarov, who was a recent hire from Maxima Legal. St Petersburg-based PPP and real estate expert Karina Chichkanova is also highly regarded, as is Tair Suleymanov.

Freshfields Bruckhaus Deringer

Freshfields Bruckhaus Deringer’s team is ‘perfectly placed to provide high quality and targeted advice owing to its unique experience in the Russian market’ and is well-known for advising financial institutions on the large-scale financing of transportation projects. The team recently assisted a consortium of creditors with the $1.5bn project financing of sections three and four of the central ring road in the Moscow region. ‘Well-regarded PPP expert Innokenty Ivanov and Fedor Teselkin, who is ‘a highly experienced transaction lawyer, are advising  Sheremetyevo International Airport on a $500m infrastructure renovation project.

Herbert Smith Freehills

The team at Herbert Smith Freehills has ‘a brilliant reputation' and has advised on 'an impressive portfolio of large-scale transport PPPs’ and also stands out for its ‘in-depth sector knowledge with an efficient and commercial outlook’. The ‘top-class and well-connected Olga Revzina leads the team, which recently advised DSK Avtoban on the construction of sections three and four of the Moscow central ring road. Other highlights include assisting a Chinese hydropower engineering company with a potential bid for the $1.7bn federal PPP project for the construction of a bridge across the Lena River in the Republic of Sakha (Yakutia). Associates Grigory Smirnov and Yana Ivanova ‘are highly experienced in PPP structuring and consistently deliver the best possible solution’.


Linklaters' finance-focused practice advises domestic and international banks as lenders on major transport PPP and infrastructure projects. Julia Voskoboinikova is assisting a syndicate of lenders, including VTB Capital and Gazprombank, with the financing of the Western High-Speed Diameter project.

Squire Patton Boggs

Squire Patton Boggs' practice was significantly bolstered by the recruitment of Alexander Dolgov and his team from Hogan Lovells (CIS), including senior associate Konstantin Makarevich, and associates Vladimir Porokhin and Georgy Logunov in June 2018. The group acts for a mix of domestic and international private investors and banks on transportation and waste disposal projects, as well as the development of sports and healthcare facilities. The team recently advised the Russian Direct Investment Fund on the financing, design, construction and operation of several toll railway overpasses in the Moscow region and assisted MNTK with a concession project development of a hospital in Yekaterinburg.


According to one client, VEGAS LEX has ‘the leading practice in the Russian PPP sector’; the team is known for its strong focus on large-scale PPP projects in the energy, transportation, ports and healthcare-related areas. The ‘highly reputable’ practice is led by ‘industry expert Denis Shtirbu and is well known for advising federal and regional governmental agencies and state-owned companies including Russian Railways and the Ministry of Transport of the Novosibirsk region. Irina Dolgikh ‘demonstrates exceptional knowledge, professionalism and attention to detail’.

Capital Legal Services

The ‘highly creative and responsive’ team at Capital Legal Services provides 'value for money' and is particularly active in regional transport and healthcare projects where it demonstrates ‘in-depth expertise of Russian law and industry practices’. Project finance expert Pavel Karpunin advises the Sibirskaya Concession on a concession agreement for the construction and operation of a toll bridge across the Ob River in Novosibirsk. He also advised the City of St Petersburg on the first healthcare PPP agreement for the construction of a hospital and rehabilitation facility. Dmitry Raev ‘demonstrates the perfect combination of creativity and outstanding quality of expertise with a hands-on approach’ and works alongside Karpunin in handling large-scale investment and infrastructure projects.

Kachkin & Partners

Kachkin & Partners has a strong reputation in the Leningrad region where it acts primarily for concessionaires in regional PPP and infrastructure projects in the transport, agricultural and medical sectors. Managing partner and ‘well-regarded industry expert Denis Kachkin advised BaltNedvizhServis on a concession agreement to set up and operate an extended tram network in the St Petersburg region. In other significant matters, he is also assisting the Republic of Bashkortostan Development Corporation with the construction of a medical facility in the city of Ufa, one of the first PPP projects to be implemented within the new federal PPP legislative framework.

LP Law Firm

LP Law Firm handles concession-based projects and PPP project financing in the transport, utilities and healthcare sectors. Andrey Novakovskiy advised on a concession agreement to develop a water supply and sanitation system in Saratov. He is also experienced in project financing through the placement of secured bonds.

ALRUD Law Firm

ALRUD Law Firm’s practice is best known for its strength in project financing and domestic and international joint developments and investments. Anton Dzhuplin, who is praised for his ability to ‘find solutions to the most difficult tasks’, is advising the Russian Direct Investment Fund on its participation and financing of $2bn Moscow Ring Road, Startup Facility No. 3. In other highlights, Andrey Zharskiy assisted Tata Power with the preparation and negotiation of framework agreements concerning the development of a coal deposit in the Far East.

Bryan Cave Leighton Paisner (Russia) LLP

Bryan Cave Leighton Paisner (Russia) LLP has notable expertise in the infrastructure sector where it is involved in significant domestic projects including the $1bn reconstruction of Sheremetyevo International Airport. In other highlights, real estate and construction specialist Vitaly Mozharowski is advising on the construction of landfall facilities and the laying of the Russian part of the gas pipeline as part of the Nord Stream 2 pipeline system project. Oleg Khokhlov is assisting the Far East Development Fund with project financing for the construction of a new passenger terminal and airport infrastructure in Khabarovsk.

Clifford Chance

Clifford Chance is well known for acting for major Russian and international financial lenders on large-scale PPP transportation and sanitation projects. Marc Bartholomy and Ella Omelchenko are the key contacts.

Egorov Puginsky Afanasiev & Partners

Egorov Puginsky Afanasiev & Partners' team acts for a mix of financial institutions and foreign investors on large-scale financing of transport, social, recreation and sports infrastructure, in addition to advocacy on legislative improvements and public procurement. Elena Gavrilina and Olga Mischenko are the main figures.

EY Law

EY Law's practice was bolstered by the arrival of practice head Ilya Skripnikov from Dentons in May 2018; he is lauded for his ‘strong professional expertise in PPP and ability to provide pragmatic and useful business-oriented advice’. Dmitri Babiner advised on the construction of a new football academy for FC Zenit St Petersburg.

FBK Legal

FBK Legal is notably active in projects in the oil and gas, natural resources and transportation sectors, where it assists with risk assessments, the development of concessionary agreements and project implementation. Nadezhda Orlova advises Gazprom on several large-scale oil and gas and mining infrastructure projects. Alexander Ermolenko is also recommended.


Infralex is best known for its strong connection to state authorities and as a long-time adviser to the Ministry of Transport, which frequently instructs the team on major regional infrastructure and concession projects. Recent highlights include practice head Dmitry Ivanov assisting the Ministry with the private concession initiative for the construction of the $3.1bn Kuragino-Kyzyl railway line to allow coal transportation from the Elegest deposit, the largest coal deposit in the Republic of Tuva. Alexey Popov is advising on the Ministry’s involvement with the development of a $25bn Moscow – Kazan high-speed railway line, part of a major multi-jurisdictional Eurasian high-speed rail network. Maxim Chernigovsky is also advising the state authorities on the $3.7bn development of the Northern Latitudinal Railway network, including bridges across the Ob and Nadym rivers in the Russian Arctic.

LECAP Law Firm

LECAP Law Firm is praised for its ‘exceptional expertise in PPP’ projects and its ‘accurate and commercially sound advice’.  The practice is led by Yury Tuktarov, who is 'a talented negotiator who aims to find the best solution for all parties’; he recently advised Ecology-Novosibirsk on the creation of a communal waste disposal infrastructure system in Novosibirsk. The team also assisted United Innovation Corporation with structuring a concession agreement for the development and construction of a high-tech nuclear medical centre in the Primorye Territory. Svetlana Dubinchina is also recommended.

Maxima Legal

Maxima Legal's practice was bolstered by the hire of practice head Natalia Diatlova from KPMG Russia; she and Maxim Avrashkov are advising Stroyproekt Engineering Group on the $960m bridge and toll road construction over the river Ob in the city of Barnaul in the Altai region. She also actively advises The Government of the Tula Region on large-scale regional transportation infrastructure projects. Vladimir Kilinkarov joined Dentons in December 2018.

PwC Legal (PricewaterhouseCoopers Legal)

PwC Legal (PricewaterhouseCoopers Legal CIS B.V.)’s integrated energy, natural resources, PPP and infrastructure practice is led by Vladimir Sokolov and is best known for its involvement in major transport, energy and oil and gas infrastructure projects. Highlights included advising Gazprom Pererabotka Blagoveshchensk on the $14bn construction and operation of Russia’s largest gas processing plant in the Amur region, and acting for the government of St Petersburg on the planned construction of a port complex on the river Neva. Associates Andrey Andersen, Olga Ermakova, Mikhail Varlamov and Artem Komarov work alongside Sokolov.

YUST Law Firm

Anna Kotova-Smolenskaya at YUST Law Firm is acting for a non-governmental committee, private investors and sponsors on Yekaterinburg’s bid to hold the World Expo 2025, including advising on the construction of exhibition pavilions, sports facilities and entertainment venues. In another highlight, Roman Cherlenyak is assisting Gazprom with structuring and executing a major oil and gas development in the Yamalo-Nenets autonomous region.


CMS acts for international sponsors and contractors on PPP projects in the transportation and renewable energy sectors. Jean-François Marquaire and Konstantin Baranov advised Vinci Concessions, as the sponsor, and North-West Concession Company, as the borrower and concessionaire, on the restructuring of a revolving syndicated credit facility granted by Vnesheconombank and Sberbank for section one of the Moscow – St Petersburg highway concession project. Artem Rodin left to establish Rodin & Partners.

Rodin & Partners

Specialist PPP boutique Rodin & Partners  is a popular choice for major international investors, including WTE Wassertechnik and Hitachi Zosen Inova, to advise on the development and operation of large-scale utilities and waste management PPP projects. Founder Artem Rodin, previously a partner at CMS, is highly experienced in the financing, construction and operation of major infrastructure projects in the energy, transport, ports, utilities and healthcare sectors.

White & Case LLC

White & Case LLC's practice advises Russian financial institutions on project finance and infrastructure transactions. Natalia Nikitina and Ekaterina Logvinova are the main contacts.