OAO Sberbank will provide RUR33.5bn ($1.1bn) to Vinci SA-led consortium for the construction of Russia’s first major toll road.

The Russian Government is planning to invest RUR600bn ($20bn) in the Moscow to St. Petersburg highway.

The France-based company has been awarded the RUR60bn ($2bn) contract to build and operate the initial section of the highway.

The 626km road is scheduled for completion by 2015, according to Bloomberg.