The updated version of a draft law on PPP basics contains this provision. In line with the draft law, a bank or a business, in which the Russian Russian government directly or indirectly control over 50%, and also its subsidiaries, would be able to act "on the part of a private partner".
VTB Capital is one of the most aggressive investors in PPP projects. The firm, which is part of the VTB Group, acts not simply as a granting organization, but, holding stakes in consortia.
In December 2014 VTB Capital, through its subsidiary Two Capitals Highway and Vnesheconombank (VEB), signed a cooperation agreement to finance, build and operate the 543 km - 684 km section of Moscow - St. Petersburg toll road in Russia. Also in 2014 but in February, VTB Bank announced that it was financing a PPP project to build an oncology centre in Orsk, Orenburg Region.
Gazprombank is also interested in PPP projects. Specifically, the bank is a co-investor of a concessionary project to build a toll road bypassing Odintsovo and of the PPP project, the Western High-Speed Diameter, in Saint Petersburg. This last project was also sponsored by VTB Capital.