Plans have been revealed for a new ring road project in Turkmenistan.
February 27, 2012
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Plans have been revealed for a new ring road project in Turkmenistan. The project looks likely to cost over US$223 million. The deal to build the road has been awarded to contractor Vozrozhdenie.
Several important Bulgarian road projects are expected to gain momentum over the coming weeks, a welcome boost for a sector that has been beset by delays in the past. In mid-September, the National Road Infrastructure Agency (NRIA) announced that it would soon be declaring new tenders for the construction of two key road projects worth a total of US$94 million (approximately €68.8 million). One section will link the south-eastern city of Kardzhali to Podkova, near the Greek border: the second will connect t
The long tale of woe concerning Poland’s troubled A2 highway project looks set to continue with the latest developments in the case. The Chinese contractor China Overseas Engineering Group Co (Covec) is appealing against a decision made by the Polish national road authority GDDKiA. The Polish authorities cancelled the contract that COVEC had previously been awarded to build a section of the A2 highway between Warsaw and Lodz.
A notable partnership deal looks set to provide funding for key Russian highway projects. A memorandum of cooperation has been signed between the state-owned Russian Highways (Avtodor) and the European Bank for Reconstruction and Development (EBRD). Under this deal the EBRD may provide loans to Avtodor, redeem bonds, or co-operate on concession agreements. This funding stream will allow Avtodor to implement its key PPP projects. Avtodor and the EBRD have been discussing the highway linking Moscow with St Pe
A new section of Western High Speed Diameter (WHSD) highway from the Ring Road (KAD) to the Hyundai plant in Kamenka, has been opened to traffic in St Petersburg.
The WHSD and KAD interchange will be completed by 2012 when the entire third phase of the highway will be built.
The US$7.23 billion WHSD Tollway in the city is sponsored by the Federal Road Agency and it is said to be one of the most important means of solving the city’s transport problems. It is a strategic investment project to develop the ci
