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 contract for maintenance of the St Petersburg Ring Road has been awarded to PO RosDorStroy. The deal is worth some US$183 million and will run until mid-2018 and the ring road (KAD) has been maintained by PO RosDorStroy since construction commenced. The deal was awarded by the Directorate of St Petersburg Transport Bypass Construction (DSTO).
Huge highway developments are being planned and carried out to further improve East-West transport, with Central Asia a key region as Patrick Smith reports
History was made in late 2010, when one of the biggest road building projects ever envisaged in Eastern Europe was given the green-light.
It was the occasion when Russian president Dmitry Medvedev signed a law that would allow his country to build its segment of a huge highway around the Black Sea.
The idea is to complete the 7,140km highway, wi
According to the Rosavtodor Federal Road Agency, a decision on a contractor for reconstruction of the northern section of the St Petersburg Ring Road, worth nearly US$96 million, has been suspended.
The federal public institution St. Petersburg's Transport Bypass Construction Directorate, which manages the road, could not give any details regarding the suspension.
The tender was announced in the end of 2014 and a decision on a contractor had already been postponed from June 30 to August 25.
With economies booming in the BRIC countries and other regions, spending on infrastructure is at a high - Patrick Smith reports As economic crisis grips much of the world, many countries are still spending billions on infrastructure to improve transportation. While the USA and Europe struggle with debt problems (and this has affected much of the rest of the world) the development of highways, airport, ports and other infrastructure is gathering pace in other regions to boost economic developments.
