Crimean Venture Company to invest US$ 1.5bn in Crimea infrastructure projects

Crimean Venture Company (CVC) is ready to invest over US $ 1.5 billion in infrastructure projects, including road-based projects, in the Autonomous Republic Crimea. The list of projects also features development of railways, the construction of a sea port, a new airport, reclamation systems, industrial and logistics complexes, waste processing and disposal plants in the north of the peninsula. The development of tourist complexes in the south-eastern part is another element of the $ 1.5 billion investment.
October 15, 2012 Read time: 1 min
Crimean Venture Company (CVC) is ready to invest over US $ 1.5 billion in infrastructure projects, including road-based projects, in the Autonomous Republic Crimea.

The list of projects also features development of railways, the construction of a sea port, a new airport, reclamation systems, industrial and logistics complexes, waste processing and disposal plants in the north of the peninsula. The development of tourist complexes in the south-eastern part is another element of the $ 1.5 billion investment.

CVC owner Neil Smith and chairman of Minister Council of Crimea Anatoly Mogilev have signed the corresponding memorandum of cooperation during the third Black Sea Economic Forum.

Related Content

  • Collaboration on road research and infrastructure innovation
    April 2, 2014
    Transnational collaboration on road infrastructure innovation is the aim of the ERA-NET Plus (EN Plus) Infravation event. The Infravation 2014 Call for this collaboration of 11 countries on road infrastructure innovation will be launched on 3rd March 2014. It will pool funding of some €9 million, of which one-third comes from the European Commission (EC). For the first time, the US Federal Highway Administration (FHWA) will also contribute funding to an EN Plus Call however. This is a major development and
    Read More
  • Mixed US transportation outlook for 2012 according to ARTBA
    April 26, 2012
    The outlook for the 2012 transportation construction market is mixed, according to the American Road & Transportation Builders Association's (ARTBA). The 2012 Transportation Construction Market forecast from ARTBA shows that the industry will face uncertain times during next year.
    Read More
  • Russia’s trans-continental route
    August 10, 2018
    Russia is spending US$10 billion on building a 2,000km section of road connecting China with the EU – Eugene Gerden reports Russia has now started building a 2,000km section of a new transcontinental route, which will connect China and the EU. According to senior officials from the Russian Ministry of Transport, which is implementing the project, the new road, will be known as the Meridian and will stretch through the Russian territory that borders with Kazakhstan and Belarus. This route forms the Russian
    Read More
  • The doors open on a record-breaking bauma China 2018
    November 22, 2018
    You can tell a lot from numbers – and this year’s bauma China exhibition is set to be a record-breaker! The exhibitor numbers represent an impressive 11% increase on the 2,958 exhibitors from 41 countries that presented their products and innovations to around 170,000 visitors at the 2016 event.
    Read More

Highlighted Content