The Banking & Finance team of Bryan Cave Leighton Paisner (Russia) LLP, formerly Goltsblat BLP in Russia, has acted successfully for the Far East and Baikal Region Development Fund on a RUB 2 bn secured loan for construction of a new terminal at Khabarovsk International Airport servicing domestic flights and the airport infrastructure.

The new passenger terminal for domestic flights at Khabarovsk International Airport is being built to expand the air transport network and ensure the requisite passenger service quality, safety and efficiency at the largest air hub in the Far Eastern Federal District. The construction of the new terminal of Khabarovsk Airport (Noviy) for domestic air lines should be completed in 2019.

The total project is worth RUB 4.9 bn, while the amount of joint financing by the State Development Corporation “VEB.RF” (former Vnesheconombank) and the Far East and Baikal Region Development Fund is RUB 3.9 bn.

The team of lawyers from Bryan Cave Leighton Paisner (Russia) LLP was led by Banking & Finance Partner Oleg Khokhlov and Senior Associate Igor Zhivotov. The deal was supported by the Corporate team led by Partner Matvey Kaploukhiy and Associate Anastasia Kudryashova. Real Estate and Construction support was provided by Counsels Inna Firsova and Dmitry Ilyin and Associate Victoria Malashenkova (Bodrova) from the Real Estate & Construction Practice.