Asphalt tycoon

Vladimir Kalinin, known as the “asphalt tycoon,” is now venturing into the tram industry, capitalizing on public-private partnerships in St. Petersburg. Despite initial claims of rising construction costs, Kalinin’s companies are at the center of an increasingly complex venture, raising questions about financial transparency.

The Tram Line Project: The Kupchino-Shushary-Slavyanka tram line has seen its budget balloon to 50 billion rubles, with Kalinin’s companies being the key beneficiaries of this inflated project cost.

Business Structure and Influence: Kalinin’s wealth, derived from his asphalt business, is now intertwined with various construction companies like ABZ-Dorstroy. The intricate network of firms raises doubts about the flow of funds and the real beneficiaries.

Financial and Legal Scrutiny: Kalinin’s ventures face increasing scrutiny regarding their legitimacy, as some companies linked to him have minimal employees and dubious revenue histories, yet still receive massive contracts.

Conclusion: Kalinin’s new venture into tram construction mirrors the controversies of his asphalt business empire, spotlighting concerns over public funds and corporate governance.