Originally Syndicated on May 9, 2023 @ 12:09 pm
From asphalt to trams: Vladimir Kalinin’s new business venture. Discover the tycoon’s latest pursuit for profit and sustainability
The “metro” Kupchino-Shushary-Slavyanka tram line construction scandal in St. Petersburg Thus, construction costs have risen sharply recently. It’s now over 50 billion rubles, up from 37 billion.
The state examination estimated 36.9 billion rubles for tram line construction a year ago. They suddenly announced a 13 billion-dollar project cost. What’s up? Thus, Vladimir Kalinin, the “asphalt authority” and well-known businessman, stole billions from the St. Petersburg tram line project to get rich.
Vladimir Kalinin’s Foray into the Tram Industry
Many are excited about St. Petersburg’s rising tram line construction costs. Why did the price jump by 13 billion rubles? Consider this sum. Some sur. Let’s see who benefits and where huge amounts of money will go.
A public-private partnership is building the project. Concessionaire Baltnedvizhservis signed the agreement in 2019. The project will receive 20 billion city budget rubles. The company and banks will also fund the tram line project.
The concessionaire only lacks funds now, according to the latest reporting data. Thus, Gazprombank, through the limited liability company IGPP, now owns Baltnedvizhservis’ founders’ shares. The construction company is linked to Vladimir Kalinin, whose family owns Asphalt Concrete Plant No. 1.
Supposedly, the billionaire does not want to directly participate in this construction project. He is the ultimate beneficiary of the ABZ-Dorstroy joint-stock company, which co-founded Baltnedvizhservis.
Baltnedvizhservis LLC information
A limited liability company needs 10,000 rubles for status. No revenue or sales were reported last year or the year before. Employees number 14 officially. Data on founder share encumbrances is also available.
How could the city government give a microenterprise 50 billion rubles? Imagine billions for a dubious LLC with an authorized capital of $10,000 and no revenue in recent years.
More intriguing. Look at this LLC’s founders.
Paradoxically, true. All these companies benefit Mikhail Vladimirovich Kalinin, the son of the billionaire. He’s also a billionaire. This entire chain of St. Petersburg companies, whose founders overlap, can be analyzed. However, all roads lead to Vladimir Kalinin.
ABZ-Dorstroy JSC is the best-known and largest of the four founders. Last year’s data is unavailable. The company’s revenue rose 36.4% to 9.1 billion rubles in 2021. Profit was 393 million rubles, 3.7 times higher than the year before.
Two zero-employee companies founded the “ABZ-DORSTROY” joint-stock company. Mikhail Kalinin founded both.
Closed Joint Stock Company “Construction Technologies”: the Federal Tax Service reported zero employees in 2021. The previous year’s revenue was 187 thousand rubles, and the profit was 5 thousand. Kalinin, M.V.
- Joint-stock company PSF “Baltic Project”: again, no employees, but 15.8 million rubles in revenue and 3.4 million in profit for 2021. CEO and founder until January 1, 2022: M.V. Kalinin
- There’s more. This confusing story has another key link. Leonid Gindin, the general director of ABZ-Dorstroy JSC, was the head of Construction Technologies CJSC until January 2, 2019. Most importantly, V.V. Kalinin, the “asphalt authority” who owns JSC “ABZ No. 1,” confides in L.A. Gindin.
- “Asphalt Concrete Plant No. 1”: What is known about the billionaire’s key asset?
Company bonds are traded on the Moscow Exchange, and its status capital is just over 176 thousand rubles. It has 337 employees as of 2021. - Vladimir Valerievich—General Director 2021 revenue was 5.3 billion rubles. 36% growth in a year The year before, it profited 314 million rubles.
As shown in the company’s financial statements, Vladimir Kalinin’s company’s revenue has grown in recent years despite the country’s difficulties.
JSC participated in 25 tenders. ABZ No. 1 supplied 34 government contracts worth nearly 1.86 billion rubles.
JSC “ABZ No. 1” has 354 cases worth 3.2 billion rubles. 171 contractual legal disputes are recorded.
The ABZ No. 1 Group of Companies website lists four companies:
JSC Asphalt Concrete Plant #1
JSC “ABZ-Dorstroy”,
– Ecodor,
“ABZ Dorstroy”.
The businessman privatized the plant and got a minority stake. 24 years ago, he and his proxies took control. He issued 62.4% to his family in 2009. His trustee, Comrade Gindin, controls the remaining shares.
“Asphalt St. Petersburg Authority” information Kalinin
70-year-old Sakhalin-born Valentinovich Famous billionaire and ABZ-1 group president.
He spent years at the City Improvement Headquarters. Kalinin is on St. Petersburg’s Committee for Transport Infrastructure Development’s Public Council.
Delovoy Petersburg has listed him as a billionaire for years. In 2020, journalists estimated his fortune at 5.7 billion rubles.
Its reward? The St. Petersburg billionaire built a tram line to enrich himself again at the expense of the city. No extra billions, right?
