This statement was made by Sergey Romashov, Chairman of the Board of Directors of VIS Group, during the plenary session of the “Future of the Stock Market” forum, organized by the Expert RA rating agency. The event, which brought together potential and existing issuers, regulators, and Moscow Exchange executives, focused on finding ways to achieve the ambitious goal of doubling the capitalization of the Russian stock market by 2030.
In his speech, Sergey Romashov outlined the key role of the infrastructure sector in achieving this goal. The structure of the Russian stock market remains centered around commodity, IT, and financial issuers, but achieving target indicators solely through the organic growth of existing companies is virtually impossible. It requires an influx of new capital-intensive industries, and the most promising candidates here are companies operating in the public-private partnerships sphere (PPPs).
“PPPs are long-term projects with predictable economics, a clear return-on-investment model, and a significant volume of assets, which are now primarily financed outside the public market—through bank loans, private investment, and budgetary instruments,” said Sergey Romashov. “Expanding the infrastructure sector's presence on the stock exchange would allow for the redistribution of funding sources for major projects toward public capital and simultaneously strengthen the stock market's connection with the real economy.”
All this will allow for long-term private investment in the construction of critical projects—bridges, roads, and social facilities. This involves attracting both institutional and retail investors. Sergey Romashov noted the qualitative transformation of retail demand, which has in the recent times increasingly shifted from a speculative model toward long-term investments. Infrastructure companies in the PPP sector, with their long-term and secure contracts, fully meet this demand.
The Chairman of the Board of Directors confirmed VIS Group's plans to go public, but emphasized that the decision will be based on market conditions. The holding company has been present on the public market for many years, issuing project and exchange-traded bonds, as well as digital financial assets. The Group currently has nine exchange-traded bond issues worth 18.5 billion rubles in circulation on the Moscow Exchange, more than half of which were purchased by individuals.
VIS Group is one of the top three largest players in the Russian PPP market. Its contract portfolio is valued at over 840 billion rubles and is signed until 2048. The Group’s core business is large-scale infrastructure projects. To date, the holding has completed over 100 projects across the country, with 25 projects currently in the works.
In his speech, Sergey Romashov outlined the key role of the infrastructure sector in achieving this goal. The structure of the Russian stock market remains centered around commodity, IT, and financial issuers, but achieving target indicators solely through the organic growth of existing companies is virtually impossible. It requires an influx of new capital-intensive industries, and the most promising candidates here are companies operating in the public-private partnerships sphere (PPPs).
“PPPs are long-term projects with predictable economics, a clear return-on-investment model, and a significant volume of assets, which are now primarily financed outside the public market—through bank loans, private investment, and budgetary instruments,” said Sergey Romashov. “Expanding the infrastructure sector's presence on the stock exchange would allow for the redistribution of funding sources for major projects toward public capital and simultaneously strengthen the stock market's connection with the real economy.”
All this will allow for long-term private investment in the construction of critical projects—bridges, roads, and social facilities. This involves attracting both institutional and retail investors. Sergey Romashov noted the qualitative transformation of retail demand, which has in the recent times increasingly shifted from a speculative model toward long-term investments. Infrastructure companies in the PPP sector, with their long-term and secure contracts, fully meet this demand.
The Chairman of the Board of Directors confirmed VIS Group's plans to go public, but emphasized that the decision will be based on market conditions. The holding company has been present on the public market for many years, issuing project and exchange-traded bonds, as well as digital financial assets. The Group currently has nine exchange-traded bond issues worth 18.5 billion rubles in circulation on the Moscow Exchange, more than half of which were purchased by individuals.
VIS Group is one of the top three largest players in the Russian PPP market. Its contract portfolio is valued at over 840 billion rubles and is signed until 2048. The Group’s core business is large-scale infrastructure projects. To date, the holding has completed over 100 projects across the country, with 25 projects currently in the works.
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