• French construction and concession conglomerate Vinci, Europe's leading motorway operator.
  • An unknown French company called Vosstran, owned by French, Lebanese and Syrian nationals. It is unclear what value this company brings to the concession company.
  • Sunstone Holding (Cyprus), owned among others by a friend and judo partner of Russian Prime Minister Vladimir Putin - Arkady Rotenberg. This company has the biggest share in the project (50%). However the other owners of the company have been hidden by registering one of the owner-companies in the British Virgin Islands. In the British Virgin Islands company registration documents do not have to contain the individual owners of the company, making it possible to hide ownership from the public.
  • The Russian media often reports that N-Trans is involved. However this is impossible to establish for sure because of the dead end in the company document in the British Virgin Islands.
  • N-Trans is reportedly owned by billionaires Konstantin Nikolaev (General Director), Andrey Filatov (Executive Director), and Nikita Mishin (Executive Director). However N-Trans LLC has a very unclear structure, again ending up in an offshore company – this time in the Bahamas, so this is impossible to prove.

It is worth mentioning that the current Transport Minister Igor Levitin, being a former CEO of N-Trans (when it was known as SeverstalTrans) had the authority to let the consortium win the tender of the highway construction. 1 It is an open secrect that Mr. Levitin has personal interests in the project. Among others, Mr. Levitin was a chairman of the board of directors of the Sheremetyevo International Airport joint stock company when all the decisions were taken. A considerable part of the motorway coincides with the construction of the highway between MRAR (Moscow Ring Auto Road) and Sheremetyevo – which is clearly profitable for the airport.

Officially responsible for the toll roads is the state-owned enterprise Avtodor, established in 2009 to develop a network of high-speed toll highways in Russia. Avtodor is supposed to be the main executor of the Ministry of Transportation’s plans and seeks private investment in concessions, but also receives taxpayer funding. The company attracts investment in the road area in public-private partnerships.

  1. According to experts of the World Bank, the reasons of the low standards of Russian highways and 3-5 times higher maintenance and repair costs than comparable highways in climatically similar regions like Finland, should be sought in the absence of competition in the road industry, diversion of funds and corruption.