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

  • India’s massive demand for construction machines
    June 17, 2016
    India is the new focus for the world construction industry market. In 2015 there was a change in perspective in Asia, with demand for machines in China dropping in terms of construction growth. India posted growth of 5.3% during 2015, while China achieved growth of 4%. This change at the top has been confirmed by the SaMoTer-Verona Outlook. This is a construction sector observatory group set up in partnership with Prometeia, the international economic consulting and research firm, with the support of Una
    Read More
  • Work begins on Stockholm’s new bypass
    August 22, 2016
    The first tunnels are being excavated for the huge bypass tunnel in Sweden’s capital Stockholm – Adrian Greeman writes. After years of preparation and design, blasting and rock moving for Sweden's largest infrastructure project began south of the city this year. It sets in train a decade-long project that will create a new half-ring dual three-lane motorway for the city, 20km long. With most of it deep underground, it will also be one of Europe's largest ever road tunnels. The scheme is aimed at transformin
    Read More
  • Kenya develops annuity road funding model
    May 8, 2015
    Kenya is introducing novel methods for funding its necessary road infrastructure development - Shem Oirere writes. Kenya has unveiled a new financing model for road construction and reviewed its design standards and construction methodologies, which forms part of a new strategy for the East African country. Under this new plan Kenya is planning to upgrade 10,000km of road, with these links featuring asphalt surfacing; the work being carried out over the next five years at a cost of US$2.8 billion. Despite t
    Read More
  • Grasim Industries of India welcomes income rise
    August 16, 2019
    India-based cement, textiles and chemicals firm Grasim Industries (Aditya Birla Group) saw its year-on-year income rise 12.72% to INR 19.09 trillion (US$257.9bn) in the 1 April to 30 June 2019 period. The company achieved a consolidated net profit of INR 17.86bn ($249.43mn) , up by 27.86%. UltraTech, Grasim Industries’ cement subsidiary, contributed INR 10.18tn ($143.15bn) in revenues, up by 14.35%. A Scheme of Arrangement amongst Century Textiles and Industries Limited (Century), UltraTech and their
    Read More

Highlighted Content