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 Russian Ministry of Transport is setting out a major programme of transport infrastructure improvements, with a budget of US$175.56 billion being planned. Russia has 511,000km of regional and municipal roads at present, around 43% of the country's total network. The aim is to increase the percentage of roads with federal and municipal status to 50%, which will require around 40,000km of roads to be upgraded by 2024.
The Russian Federal Government will give the regional authorities the necessary funding
Vietnam is setting out plans for a massive programme of infrastructure investment. International investment is being sought, with many of the projects being planned under the PPP model. Transport will be placed as a top priority, with a budget of US$400 billion having been discussed as Vietnam’s transport spending target for the next 10 years. One of the biggest projects will be for the construction of a new highway connecting Vietnam’s two main cities, Ho Chi Minh City and Hanoi. The two cities are some 1,
Construction work is being planned for Russia’s most expensive road, which will be built in south of the country – Eugene Gerden reports
Work is due to commence shortly on Russia’s most expensive road, in the south of the country. The highway will form part of the existing 1,600km Moscow-Sochi road, according to recent statements from senior officials at the Russian Ministry of Transport as well as local analysts.
As part of the project, the Russian Government, together with private investors, plans to
