Povolzhupravtodor, a subsidiary of the Russian Federal Highway Agency, has announced a tender for major repairs of a 25km long section of Russia’s M5 Ural highway in the Samara area of Volga. The contract is estimated to be worth US $ 43.16 million.
September 11, 2012
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Povolzhupravtodor, a subsidiary of the Russian 2865 Federal Highway Agency, has announced a tender for major repairs of a 25km long section of Russia’s M5 Ural highway in the Samara area of Volga. The contract is estimated to be worth US $ 43.16 million.
In Russia an additional investment worth close to US$30 million is required to complete work on the new Kirovsky Bridge in Samara. However, the authorities in the Samara region have revealed that there is a problem with regard to financing the construction work. The funds from the 2015 regional budget are insufficient to pay for the remaining portion of the work. As a possible solution, the authorities in the Samara region are looking to the Russian Federal Government to provide the additional funds require
A report by Goldman Sachs reveals Russia’s requirement for further infrastructure investment. The report, Russian Infrastructure and Construction, shows that investments in transport corresponded to 1.5-1.7% of GDP in 2005-2010. For Russia’s total infrastructure needs, including power networks and communications, spending equated to 3.7-4.3% of GDP. But the report shows Russia should allocate at least 3.5-4.5% of its GDP to infrastructure while maintenance of existing infrastructure should make up about 50%
