Mostotrest General Director talks about Russian infrastructure risks

In an interview given to the Russian business daily Kommersant (13 November 2012), Mostotrest General Director Vladimir Vlasov discussed the issues that you face if you attempt to build infrastructure in Russia. He should know:  Mostotrest is a major diversified transport infrastructure construction company in the country, inter alia the largest bridge builder in the Russian Federation in terms of revenue.

He also disclosed that the company planned to buy from businessman Arkady Rotenberg for RUB 7.87 billion (approximately GBP 160 million)  the North-West Concession Company, which is the concessionaire of the high-profile construction project – the paid highway Moscow-Saint Petersburg, as part of plans to diversify the business.  At the same time, it is worth noting that Rotenberg is the main shareholder in Mostotrest.

Vlasov explains that, while there are no obstacles blocking the access of foreign companies on the Russian infrastructure construction market, there is one issue that may hold them back – the inability in Russian conditions to plan for all the potential risks that may arise and the fact that from the very outset in Russia sites are not ready for construction and necessitate a completely different approach: to build at extremely rapid tempos once the sites are ready to compensate for lost time.

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