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

  • Russian bypass projects under construction
    October 5, 2018
    The Russian government is starting a major programme of building bypasses around large cities during the current financial year – Eugene Gerden writes The Russian government is starting a massive programme of building bypasses around the country’s biggest cities during this financial year. The aim is to address the problems of traffic jams and speeding traffic on federal routes, according to recent statements by the Russian Presidential Administration and some senior officials from the Ministry of Trans
    Read More
  • Paying for road development
    April 21, 2016
    All around the world, road expansion and maintenance is both necessary and ongoing. In the developed nations the focus is more on road maintenance and widening, while developing nations are concentrating on new road construction. Road networks are crucial to economic development as well as political stability, which often go hand in hand. The massive growth in the US economy from the 1950s onwards was boosted strongly by the development of the country’s interstate network. But in recent times, funding
    Read More
  • ARTBA reacts to US transportation budget
    February 9, 2012
    The US-based American Road & Transportation Builders Association (ARTBA) has revealed its response to plans by the US Government to invest in infrastructure. According to ARTBA, the current US Administration has proposed investing a total of US$128 billion in transportation for 2012 financial year.
    Read More
  • East Africa’s dream of a ‘Silk Road’ in sight
    October 22, 2021
    East Africa’s dream of a ‘Silk Road’ route to boost trade and transport is now in sight
    Read More

Highlighted Content