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 being drawn up in Russia for the M-49 route in St Petersburg, a project which is expected to cost US$225.2 million. The new road will be built in St Petersburg’s Primorsky District, on the northern side of the city. The work is expected to help reduce peak time congestion in the city. The plans call for the road to be operated under an 11 year concession package. Much of the financing is being provided by the Eurasian Development Bank (EDB), with the remainder being supplied by the First Eurasian
Russia's state highways agency AVTODOR has invited bids for construction of another section of the Moscow to St. Petersburg toll motorway.
Starting cost of the bid to build the section from kilometre 58-149 is nearly US$1.2 billion. Investors will have to put up front 20% of the accepted bid cost to build the 91km section.
Construction of the 700km motorway is being let in sections, with highly competitive bids coming from the major international players in highways infrastructure.
In February 2014
The Moscow City Government plans to complete building of the North-East and North-West Chords, two of the biggest road building projects in the city for the last 15 years
The links will be completed during the next several months, according to an official spokesman of the Moscow Government.
Both roads are considered as a cheaper alternative to the Fourth Ring Road, the construction of which was considered by the Moscow Government several years ago. However due to huge costs, which are estimated at mo
