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PPP and Project finance
Public-private partnership (PPP) projects are our main interest and the key focus of our expertise. Over 15 years ago our team was deeply involved in the development and drafting of PPP legislation, and now we’ve reached outstanding results in this field: 86 PPP projects supported over the years with total investments around RUB 157 billion.
what makes us different
  • Long-standing GR
  • Initiation and predevelopment of projects before investors stepping in
  • Industry-specific knowledge and tariff revenues modelling
  • Accumulated knowledge and relations with major technology suppliers
  • Focus on ecology, specifically, waste management – second investment-attractive industry after roads
  • Supporting business – we have stakes in regional companies – parties to PPP projects
what we have already done
  • Over 10 years of practice, 86 PPP projects supported with total investments around RUB 157 billion
  • 21 concession agreements signed with total investments over RUB 30 billion
  • 12 concession agreements signed in waste management projects with total capacity of waste treatment facilities over 5 million tons of waste per year
  • The first concession agreement in energy sector in Russia signed with the support of our team
  • 31 Russian regions — broad geography of our PPP projects expands each year. We are very well aware of specifics of many regions and have relations with local governments
  • 2 partners, 16 associates — one of the largest PPP team on the Russian market, rest assured, we will promptly reply to your requests
what can we do for you 
  • Turnkey projects. We provide turnkey support of the projects on all stages - from financial modelling and negotiating the terms to commercial close and operation of the facility. We help in finding investors and contractors, in deal structuring and documentation drafting, we support design, engineering and construction process and communicate with government agencies.
  • Use our relations and contacts. We maintain long-standing relations with regulators, legislators in PPP sector, local authorities, banks, pension funds, development institutions, investors, contractors and technology suppliers.
  • Analyse market and transform laws and regulations. We analyse market trends and publish analytics and insights, our lawyers write academic papers and articles, give commentaries to media outlets, our team is deeply involved in the development of PPP and project finance legislation.
  • Enhance communication and mitigate risks of the project. We represent the interests of all parties of the PPP project, including public partners, initiators, operators, financing institutions and other investors. We understand their needs and help improve communication and mitigate risks of the project.
  • Deep dive into the project. Our PPP lawyers are leading professionals in structuring PPP deals, as well as in corporate, finance, budgetary and environmental law. Our financial advisers specialise in structuring projects ranging in complexity and our team’s contacts with technology suppliers and other market players allow us to solve any project tasks.
Our services in detail
  • Support of the project initiation including analysis of the legislative and regulatory framework of the public partner and developing effective model of PPP project
  • Project risk matrix preparation and guidance on risk allocation and mitigation
  • Financial and tariff modelling
  • Advising on the matters of real estate and land plots in the project
  • Support of private concession initiative, drafting of tender documentation and support of bidding process
  • Drafting concession agreements and PPP agreements
  • Drafting turnkey construction contracts (EPC, EPCM), O&M agreements, engineering contracts and other corresponding contracts
  • Drafting of corporate documentation for establishing of a project company, including in the form of consortium
  • Drafting of financial documents, including loan agreements, bond issuance documents, direct agreements
  • Advice and support at the design and construction stage
  • Drafting concession agreements and PPP agreements
  • Drafting turnkey construction contracts (EPC, EPCM), O&M agreements, engineering contracts and other corresponding contracts
  • Drafting of corporate documentation for establishing of a project company, including in the form of consortium
  • Drafting of financial documents, including loan agreements, bond issuance documents, direct agreements
  • Advice and support at the design and construction stage
Industries
  • Waste management
  • Transport infrastructure
  • IT
  • Utilities (heat and water supply)
  • Healthcare
  • Social infrastructure
  • Education
  • Power
Client testimonials
Clients note the team's deep industry knowledge, as well as an understanding of the commercial side of the project. «They understand not only legal issues, but also technical issues, which greatly simplifies the dialogue», one of the clients notes.
Chambers Europe 2020: GCHP
Clients admire the quality of the advice provided by the team, and also note its «responsiveness, hard work and customer focus».
Chambers Europe 2019: GCHP
LECAP is highly valued by its clients for its «exceptional expertise in GCHP projects», as well as for its «accurate and commercially sound advice».
The Legal 500 2019: GCHP and infrastructure projects
LECAP's lawyers are «very attentive to the needs of their clients», and they are «professional, friendly, and always happy to help».
The Legal 500 2017: GCHP and infrastructure projects
What we do for the market development
  • Member of Expert Council of Association of PPP participants of PPP Development Center
  • Member of PPP Development Expert Council of the Ministry of Economic Development of the Russian Federation
  • Every year LECAP sponsors, moderates and participates in major field-specific events: Congress “Russian PPP Week”, Conference “Private operators of communal infrastructure”, Intergovernmental panel discussion on waste management, Ecology conference
  • For a long time LECAP has been deeply involved in the harmonization and development of PPP regulation in Russia. Our team:
    — was a principal drafter of the Draft Federal Law “On Public Private Partnership” which formed the basis for the current Russian PPP law
    — was a principal drafter of the Draft Federal Law “On Public Private Partnership in the sphere of military technical support of defence and security”
    — is involved in the reform of the Russian legislation aiming at the development of project finance in Russia
    — participated in drafting of legislation on concession bonds
    — released two books on PPP projects and regulation and writes articles for legal magazines on PPP topics