St Petersburg University and Gazprombank to cooperate on the Development Area project

At the St Petersburg International Economic Forum, St Petersburg University and Gazprombank have signed an agreement on the implementation of the Development Area project to build a new University campus in the Pushkinsky District of St Petersburg. The agreement was signed by: Nikolay Kropachev, Corresponding Member of the Russian Academy of Sciences and Rector of St Petersburg University; and Elena Borisenko, Deputy Chairman of the Management Board of Gazprombank.

St Petersburg University has launched the Development Area project which envisages the creation of a modern education and research infrastructure zone in the Pushkinsky District to support the core activities of the University. Gazprombank will act as the investor and senior lender for the construction of over 430,000 square metres of campus facilities. They will include halls of residence, hotels, a sports complex, a congress centre and a University clinic. Total investment in the project is expected to exceed 98.8 billion roubles.

The Development Area project is of federal importance and should become a model for universities of the future.

Nikolay Kropachev, Rector of St Petersburg University

’Its implementation will open up new opportunities for University students and staff for conducting advanced interdisciplinary research, and will create the conditions for scientific breakthroughs. We welcome Gazprombank’s support of this initiative. We are confident that our partner will be proud of the results of joint activities,’ said Nikolay Kropachev, Rector of St Petersburg University.

’Gazprombank has extensive experience in investment public-private partnership projects, in particular, in construction of social infrastructure facilities, including campuses for students and teaching staff. The bank has exceptional expertise in high-quality financial structuring of PPP infrastructure projects. I am confident that implementation of this agreement will enhance the role of St Petersburg as a national and international research and educational centre,’ said Elena Borisenko, Deputy Chairman of the Management Board of Gazprombank.

The agreement signed by St Petersburg University and Gazprombank involves, among other things, the participation of Gazprombank in the creation of the "Neva Delta" Innovative Science and Technology Centre.

The Neva Delta will be located in close proximity to the Development Area. The Centre focuses its scientific and technological research activities on environmental and energy security, green and agro-biotechnology, pharmaceuticals and genetic technology, digitalisation of industries and other tasks.

A cooperation agreement on the establishment of the Neva Delta Innovative Science and Technology Centre has been signed earlier today by: Nikolay Kropachev, Corresponding Member of the Russian Academy of Sciences and Rector of St Petersburg University; and Aleksandr Drozdenko, Governor of the Leningrad Region.