Russia's road plans herald further deals to come?

Russia's Leningrad region has set a budget worth over US$179 million for road improvements in 2011.
February 28, 2012 Read time: 1 min
Russia's Leningrad region has set a budget worth over US$179 million for road improvements in 2011. The funds will be used for regional road repairs and maintenance. Around 60% of the budget will be used for repairs to 354km of regional roads while 20% will be targeted at maintaining existing links. Some 8.6% will be for general repairs to storage areas used by municipalities for road machinery with the remaining sum to be used for new road machines. The Leningrad region has plans for a total road network comprising some 1,500km of Federal and regional roads. However there has been no budget set aside for additional new road construction at present. Estimates for the region's intended road development plans exceed $3.2 billion and with Russia's road programme pushing ahead, the Federal Government may yet assign further finances from central funds as well as releasing details of commercial concession packages. International interest is likely to be strong when full details of the Leningrad region's future road plans are revealed, including possible concession deals and PPP projects being opened up to contractors.

Related Content

  • Russia's road map ahead
    March 5, 2012
    Overall, Russia is to benefit from a major highway investment programme. The Federal Transport Development Programme will feature a budget of $21.5 billion for the 2010-2015 period. Some $15.1 billion is to be allocated for highway construction and repairs. Russian city St Petersburg and the surrounding the Leningrad region will see the start of major investment in infrastructure during 2011. The road sector will benefit strongly, with projects underway including the southern section of the Western High Spe
    Read More
  • Russia plans major infrastructure investment
    May 4, 2012
    The Russian highway authorities intend to invest a massive €16.78 billion (US$24.23 billion) in road construction and repairs during 2011. This investment will come from federal and regional budgets and represents a 40% increase over spending made in 2010. The plans involve repairs to 5,500km of road surface at a cost of €2.11 billion ($3.046 billion).
    Read More
  • Road transport key to Africa's trade links
    February 17, 2012
    Road transport is the key to improving Africa's links within its own territory, and further afield as Patrick Smith reports. Development of road transportation is the key to the future of the African economy, and countries on the continent are making great strides. According to a report by a transport infrastructure expert at the New Partnership for Africa's Development (NEPAD), within the next 15 years the value of trade in Africa could reach US$250 billion if a $32 billion investment is made to integrate
    Read More
  • Investing in East Africa's road sector to boost economic development
    April 14, 2020
    Investments in East Africa’s road sector are helping drive economic development as well as political stability
    Read More

Highlighted Content