St Petersburg ring road deal

The authorities in St Petersburg have agreed a finance package for the central link for the city's Western High Speed ring road project
March 5, 2012 Read time: 1 min
The authorities in St Petersburg have agreed a finance package for the central link for the city's Western High Speed ring road project. In total this project is expected to cost in the order of €3.32 billion (US$4.59 billion) and will improve transport around St Petersburg and its connections with capital Moscow as well as other cities. The bidding process will commence on 29th March 2011, with the winner being selected in July and the contracts for the PPP agreement due to be signed in October of this year. Given the size of the deal it seems likely that joint ventures and partnerships involving a mixture of Russian and international contractors will tender for the project.

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