As of 2014, there were at least 23 contracts with private companies to manage water utilities or plants with an investment commitment of almost 2 billion US dollars. 18 contracts cover entire utilities and 5 contracts cover individual plants. 5 of these contracts were signed before 2002, 17 in the 2003-2006 period. Only one contract - a 100 million dollars concession in
Voronezh signed in 2012 - was awarded after 2006. 8 of the 23 contracts are held by the conglomerate
Alfa Group either directly or through its subsidiary
Rosvodokanal.. Its Russian competitor Integrated Energy Systems Holding (IES) holds four lease contracts. The largest foreign investor in the Russian water sector is Austrian
EVN Group, which holds three contracts for treatment plants. These include the largest water contract in Russia for the South-West Moscow drinking water plant, which was signed in 2004 with an investment commitment of 220 million US dollars. The French water company
Veolia is engaged in Russia through a contract for the Southern Water Treatment Plant signed in 2005. While some of these contracts were awarded through competitive bidding, most were awarded after direct negotiations. In 2003, the Saint Petersburg utility signed a concession agreement for the Southwest wastewater treatment plant with a Swedish-Finnish consortium. The project was supported by loans from the
European Bank for Reconstruction and Development (EBRD), the
European Investment Bank (EIB). The
Nordic Environment Finance Corporation owns part of the project company. The idea of a concession for the entire water and wastewater system of Saint Petersburg was first floated in 2005. In parallel, a plan to bid out a
Build-Operate-Transfer (BOT) contract for a water treatment plant was championed by the city governor
Valentina Matvienko, but was abandoned in 2013. In the same year, the new city governor
Georgy Poltavchenko announced plans to sign a 25-30 year concession agreement including investments of US$3 billion. A tender was expected to be launched in 2014 "at the earliest". However, concessions such as the one planned for Saint Petersburg may not be financially viable because Russian President
Vladimir Putin imposed a national
water tariff freeze. In October 2014 the city of Volgograd announced it would launch a bid for a 25-year concession involving investments of $500 million. ==References==