Skip to main content

Road repair boost for Russian Federation state

The authorities in the Republic of Tatarstan plan to boost road spending in capital Kazan. Tatarstan is a small state belonging to the Russian Federation but its capital is the eighth largest city in Russia and is of economic importance given it is the home of various key industries. The new road repair budget will see some US$263 million spent during 2012, a considerable increase over previous annual investments. For each of the five years prior to 2012, road repair spending has been around 75% of this yea
May 16, 2012 Read time: 1 min
The authorities in the Republic of Tatarstan plan to boost road spending in capital Kazan. Tatarstan is a small state belonging to the Russian Federation but its capital is the eighth largest city in Russia and is of economic importance given it is the home of various key industries. The new road repair budget will see some US$263 million spent during 2012, a considerable increase over previous annual investments. For each of the five years prior to 2012, road repair spending has been around 75% of this year’s budget.

Related Content

  • Bridge savings in Scotland to fund road improvements
    August 27, 2014
    The project to construct the new Forth Crossing close to Scottish capital Edinburgh is looking extremely positive, with cost savings envisaged for the bridge. The Queensferry Crossing scheme now looks to require slightly less funding than had been originally expected when the plans were unveiled in 2011, due in part to tight controls over spending. The bridge costs had been budgeted at close to €2 billion (£1.6 billion) initially but the project now looks likely to cost €1.81 billion (£1.45 billion). The sa
  • Transstroy’s ambitions for Sochi 2014 Olympics and beyond
    September 30, 2013
    Igor Pankin is CEO of Transstroy, one of Russia’s largest transport infrastructure construction companies, a part of Oleg Deripaska’s Basic Element group. Created in 1992, the company has completed major construction projects with a combined worth of more than €4 billion (RUB 121 billion) The Olympic motto, ‘Swifter, Higher, Stronger’, is very appropriate for the Sochi 2014 Winter Olympics – and not just in reference to the action in its stadiums and on its slopes. The city has been transformed from a small
  • Europe’s COVID escape route
    April 2, 2021
    The European Union’s COVID recovery budget and its NextGenerationEU programme are major opportunities for national, regional and local road authorities, says Jose Diez*.
  • Report highlighights global construction improving
    April 6, 2016
    According to a new report from Timetric’s Construction Intelligence Center (CIC), the global construction industry is gradually regaining strength. This comes after a prolonged period of sluggishness in the wake of the global financial crisis. In real terms, the global industry is expected to have reached US$8.5 trillion in 2015, up from US$7.5 trillion in 2010. Over the forecast period (2016-2020) the pace of expansion will accelerate to an annual average of 3.4%, with the industry reaching a value of US$1