OREANDA-NEWS. April 5, 2011. Infrastructure Journal recognized VTB Capital, VTB Group investment business, as winner of the “Deal of the Year – Transport” for the financing of Pulkovo Airport reconstruction project. Infrastructure Journal award is the sixth one received for the Pulkovo project from the leading industry publications.

In February 2011, VTB Capital was awarded the”European Airport Deal of the Year” by Project Finance (Euromoney), a key journal for infrastructure financing.

In March 2011, the project won 4 prizes of Infrastructure Investor, a leading journal in sphere of infrastructure financing, with “Global PPP Deal of the Year” and “European PPP Deal of the Year” among them.

In July 2010, Northern Capital Gateway consortium (VTB Capital, Fraport AG and Copelouzos Group), EBRD and IFC successfully closed the syndication of the commercial tranche (B-loan) for financing of Pulkovo Airport reconstruction in amount of EUR 200 mln. The total cost of the reconstruction project is EUR 1.2 bln., of which over EUR 700 mln. will be financed though long-term loans, without any subsidies and state funding.