The authorities in the Russian city of St Petersburg plan to invest heavily in transport infrastructure. A budget of US$59.24 billion in all has been projected for the necessary work. Final approval has to be given for the budget at this stage.
June 13, 2012
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The authorities in the Russian city of St Petersburg plan to invest heavily in transport infrastructure. A budget of US$59.24 billion in all has been projected for the necessary work. Final approval has to be given for the budget at this stage.
The authorities in St Petersburg are setting out plans for a series of road improvement and expansion works. A budget of US$678.6 million has been set to assist in financing the road works. In all 25 road projects are being planned. Two key projects are for building the Yuzhno-Volkhonskaya Road and the Southern Latitudinal Highway (Phase I). Another two key projects are for the upgrades of the the Petrozavodskoye Highway and the Primorskoye Highway (Phase II). All four of these projects should commence in 2
Russia is rolling forward with a massive programme of road building and reconstruction. The plans call for some 5,700 km of federal highways to be repaired by 2017. At present, only 38% of Russia's roads are in good condition and this has been identified as a key priority for improvement by the country's Government.Meanwhile the authorities in the Russian city of St Petersburg have a target infrastructure investment programme for 2012 as well as plans for 2013 and 2014
