Press Releases | « Construction completed of children’s educational institutions under the RISE Capital project in Yamal

19/05/17

In the Yamal-Nenets Autonomous District, the construction of six schools has been completed under a PPP agreement. A total of 1,540 additional school and kindergarten places have been created. All the schools were inspected by the state construction supervision bodies and received permission to be put into operation.

This is the first PPP project in Yamal. The construction was carried out completely at the expense of the private partner’s own or borrowed funds, and once put into operation, the institutions will be purchased by the district in stages over a period of 5 years. During this period, the private partner maintains the buildings in the state as required by law.

According to a study by experts from the Public-Private Partnership Development Centre and the Agency for Strategic Initiatives, the project is one of the best social PPP projects in Russia.

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