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 governments of China, Kazakhstan, Belarus and Russia have finally approved a project for the building of a new transcontinental road, which will connect Asia and Europe.
The new route is much-needed and will speed the transportation of cargo between the two continents, according to Maxim Sokolov, Russia’s Minister of Transport.
The idea for the building of the road was first proposed by the European Commission around 2005. It was prompted by the ever growing volume of trade between the EU and Chin
Plans are moving forward in Turkey for the construction of a new tunnel project. This new link will run under the busy Bosporus waterway and will connect Kucuksu on the Anatolian side and Gayrettepe on the European side. Approval for the work has been given by the Istanbul Municipality Council. And the timeline for the project calls for the route to be ready for use in five years time In all the route will pass through 12 districts, so some further approvals will be necessary however. The route will feature
