Sochi, Russia gets 260km of new roads for 2014 Winter Olympics

The Russian city of Sochi is gaining 260km of roads as part of a US$47.75 billion (RUB 1.5tn) investment in preparations for the 2014 Winter Olympics. Some $20.05 billion (RUB 627bn) has been allotted for transport – including the new Sochi roads. As a result of the new roads, the city’s traffic capacity will rise 1.8-2.5 times, while traffic speed will go up 25%. Of the overall Winter Olympics preparation budget, $7 billion (RUB 219bn) is being spent on Olympic facilities, while the rest has been provided
May 23, 2013 Read time: 1 min
The Russian city of Sochi is gaining 260km of roads as part of a US$47.75 billion (RUB 1.5tn) investment in preparations for the 2014 Winter Olympics.

Some $20.05 billion (RUB 627bn) has been allotted for transport – including the new Sochi roads. As a result of the new roads, the city’s traffic capacity will rise 1.8-2.5 times, while traffic speed will go up 25%.

Of the overall Winter Olympics preparation budget, $7 billion (RUB 219bn) is being spent on Olympic facilities, while the rest has been provided for concomitant infrastructure. All the infrastructure facilities will be transferred to the city authorities after the Games.

Related Content

  • Russia ploughs ahead with road expansion
    October 14, 2022
    Despite Western economic sanctions, Russia plans a record road building programme up to 2027, as Eugene Gerden reports
    Read More
  • Russia seeks outside investment in road building
    November 6, 2012
    The Russian road building industry is on the verge of big changes as it bids to improve quality and speed of construction says Eugene Gerden The Russian road building industry is on the verge of big changes as the national government considers creating conditions to attract foreign companies to build roads in the country. According to a recent order of President Vladimir Putin, due to poor quality and high cost of road construction, there is a need for the development of a mechanism to attract foreign compa
    Read More
  • Rotenberg’s Mostotrest to fight for $5 billion Russia’s road-building contract
    December 2, 2013
    Interest is strong in one of Russia’s premier projects for road infrastructure - Eugene Gerden reports The State Company Russian Highways (Avtodor) has officially announced a tender for the construction of the sixth - and longest - section of the Moscow - St Petersburg highway. Avtodor is Russia’s leading company in the field of development of national road infrastructure, while this is one of the largest and most controversial projects in Russian road building in recent years. The 6th section of the
    Read More
  • Report reveals Russia requires heavy road investment
    May 18, 2012
    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%
    Read More

Highlighted Content