Moscow, November 17, 2010 - TNK-BP and state company Russian Highways (AVTODOR) signed a Cooperation Agreement today aimed at developing Russia`s transport infrastructure, introducing innovative technologies in the roads sector and improving the standards of service and safety on the country`s long-distance highways.

The document was signed for AVTODOR by Sergey Kostin, Chairman of the Management Board, and for TNK-BP by Amir Feizulin, Vice President, Marketing and Dmitry Ustinov, Vice President, Business Marketing and New Business Development.

Under the Agreement, TNK-BP and AVTODOR will develop proposals on modernizing roadside infrastructure, including the development, construction and operation of new formats of multifunctional roadside complexes.

The companies have also expressed their intention to promote the development and rapid introduction of innovative technologies and materials, including polymer-bitumen astringents to extend the service life of road surfaces and reduce the cost of building and operating roads.

"Raising the standard of roadside service and introducing innovations are vital components of developing high-speed motorways. We hope that the experience of our colleagues in TNK-BP will help to substantially improve this work", noted Sergey Kostin.

"We greatly value our cooperation with AVTODOR and are confident that today`s agreement is an important step on the way towards modernizing Russia`s roads", stated Amir Feizulin. "TNK-BP is a recognized leader in the construction and operation of retail sites and in the production of high-tech innovative products, some of which will help to make a substantial contribution to improving the quality of road building."

Working groups including representatives of both AVTODOR and TNK-BP will be set up to coordinate the two companies` joint activities.
sections: Society, Economics