Russian private water chief beats the drum for concessions despite struggles in Kirov

09 Jul 2019

The chief executive of Russia’s leading private operator is upbeat about the country’s prospects for concessionnaires – both internal and international – as his company takes on Kirov’s mayor to remain in the city.

The head of Russia’s largest concessionaire has told GWI he is optimistic about the prospects for private operators in the country – including those from outside the country – despite ongoing troubles renewing at one of its most high-profile bases. Pavel Kurzaev, CEO of Russian Municipal Systems (RKS), the largest multi-utility in Russia, struck an optimistic tone when speaking to GWI earlier this month, claiming that “foreign investors see the Russian market’s high potential despite the difficult geopolitical situation.”

Although US sanctions make dealing with many Russian businessmen tricky – including with Viktor Vekselberg, the owner of Renova Group which controls RKS – Kurzaev spoke of “a number of large companies from Europe and China” showing interest in Russia’s municipal sector, citing Veolia’s recent plans to invest in Tomskvodokanal through a joint venture as an example.

Kirov city

Kurzaev’s optimism extends to RKS’s future in Kirov, a city of nearly 500,000 along the Vyatka river in the Urals, where the company is hopeful of extending its franchise despite pressure from municipal authorities.

Source - GWI





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