JSC CITYMATIC SIGNED A ROADMAP FOR THE IMPLEMENTATION OF THE CONCESSION AGREEMENT IN THE VOLGOGRAD REGION

Two facilities for the municipal solid waste (MSW) treatment with a capacity of 300,000 tons per year will be built in the Volgograd region. The roadmap for the implementation of the concession was signed by the Russian Environmental Operator (REO), the Volgograd Region and the Citymatic Group of companies.

The submission of a private concession initiative is scheduled for 2022, the facilities are planned to be put into operation by the end of 2024.

“Another concession is being prepared for implementation – in the Volgograd region. REO signed the roadmap with the authorities of the region and Citymatic Group. Concession projects for the creation in the region of the two facilities for MSW treatment with a total capacity of 300,000tons per year are at the active preparatory phase. The estimated investment is 3.5 billion rubles. REO plans to invest up to 95% of the total investment received from the sale of its bonds,” said Denis Butsaev, General Director of the Russian Environmental Operator.

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