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.
A LEGAL dispute is now underway in Russia over the St Petersburg ring road project. Construction company Flora was awarded a €187.6 million contract for an 11km section of the ring road in 2008, winning the tender by making the lowest bid. However, the Russian authorities have taken the contract for this section of the ring road away
from Flora claiming it did not meet set targets. Flora is disputing the loss of the contract with the authorities.
Contractor VAD now looks likely to carry out rebuilding work for the northern stretch of St Petersburg’s Ring Road. This section of the ring road runs between the Priozerskoye Highway and the Western High-Speed Diameter route. VAD’s bid for the 14.3km stretch has received approval from the tender commission. The work will cost just over US$100 million to be carried out and should be complete by November 2020.
