Bryan Cave Leighton Paisner (Russia) LLP advised the Far East and Baikal Region Development Fund on a finance transaction for construction of a new terminal in the Far East and development of airport infrastructure

The Banking & Finance team of Bryan Cave Leighton Paisner (Russia) LLP, formerly Goltsblat BLP in Russia, has acted successfully for the Far East and Baikal Region Development Fund on a RUB 2 bn secured loan for construction of a new terminal at Khabarovsk International Airport servicing domestic flights and the airport infrastructure.

The new passenger terminal for domestic flights at Khabarovsk International Airport is being built to expand the air transport network and ensure the requisite passenger service quality, safety and efficiency at the largest air hub in the Far Eastern Federal District. The construction of the new terminal of Khabarovsk Airport (Noviy) for domestic air lines should be completed in 2019.

The total project is worth RUB 4.9 bn, while the amount of joint financing by the State Development Corporation “VEB.RF” (former Vnesheconombank) and the Far East and Baikal Region Development Fund is RUB 3.9 bn.

The team of lawyers from Bryan Cave Leighton Paisner (Russia) LLP was led by Banking & Finance Partner Oleg Khokhlov and Senior Associate Igor Zhivotov. The deal was supported by the Corporate team led by Partner Matvey Kaploukhiy and Associate Anastasia Kudryashova. Real Estate and Construction support was provided by Counsels Inna Firsova and Dmitry Ilyin and Associate Victoria Malashenkova (Bodrova)from the Real Estate & Construction Practice.

The Far East and Baikal Region Development Fund (FEDF) is a 100% subsidiary of State Development Corporation “VEB.RF”. FEDF implements prioritized investment projects in various industries of the Russia Far East and Baikal Region (infrastructure, upstream and downstream production of minerals, agriculture, etc.) providing low-preferential rate and long-term financing. FEDF is one of the leading investors in new industrial projects aimed at acceleration of economic growth in the region. http://fondvostok.ru

Bryan Cave Leighton Paisner (Russia) LLP (formerly Goltsblat BLP in Russia) has one of the oldest, most resourceful, best established and stable teams in Russia, top-ranked in most legal directories. The highly respected Moscow team of over 100 lawyers, qualified under Russian and English law, has over 20 years of experience in providing legal support for major Russian businesses, as well as multinationals implementing large-scale investment projects in Russia. Clients include over 1700 companies, among them major multinational investors operating in Russia (among them 130 Forbes Global clients), Russian and international banks and financial institutions and Russian industry-leading companies. Five times winner of Law Firm of the Year in Russia since 2009, including Chambers Europe Awards 2010, 2014 and 2015; The Legal Business Awards (The Legal 500) 2010; The Lawyer European Awards 2014. Top-ranked by The Legal 500 and Chambers & Partners in core practice areas: corporate/M&A, real estate and construction, dispute resolution, competition/antitrust, tax/customs, IP. www.bclplaw.com