The Company was established in July 2013 by to implement the project of the construction and operation of Sections 7 & 8 of M11 Highway based on public-private partnership
In April 2014, “Two Capitals Highway” LLC won an open tender for the right to conclude a concession agreement on financing, construction and toll operation of Moscow – St. Petersburg M11 Highway at sections from km 543 to km 646 and from km 646 to km 684. The Concession Agreement made between the Government of the Russian Federation, on behalf of which “Russian Highways” State Company acts, and “Two Capitals Highway” LLC, was signed on November 18, 2014. The Agreement was concluded for 27 years: for the construction period until 2019, and the operation period until 2041.
The federal M11 highway, named Neva at the opening, is operated as a toll highway. M10 Rossiya Highway remains its free-of-charge alternate route.