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.
Plans are in hand for major upgrades to Russia’s road network. Russian Highways (Avtodor) aims to construct 958km of roads, as well as to reconstruct 963km of road and improve 700km of road bed by 2019. The 684km M11 highway linking Moscow with St Petersburg is the top-priority. A 72km bypass road will be built in the Tver region. In total, Avtodor says it will invest US$45.3 billion in building tolled roads in Russia by 2019. Avtodor completed work on the 25km M-4 highway in December 2011. Meanwhile a tend
The Moscow authorities are holding a tender for building a section of Moscow - St.Petersburg highway. The project includes construction of a North Literal Highway section with 15 viaducts. The maximum contract price has been set at US $ 953.12 million (RUB 29.70bn). The tender results will be announced on 30 October 2012. The works must be implemented within 24 months. Mostotrest and Transstroy can take part in the tender. Engeocom is not going to participate.
The Australian Government is allocating additional funding to renew its infrastructure and to improve transport in the major cities work in its 2011-12 budget.
