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.
In the UKL the Highways Agency has announced plans for an additional 58 schemes intended to boost the economy, reduce congestion and improve safety. These schemes form part of the third, and final, stage of the Highways Agency’s pinch point programme. The 58 schemes represent an investment of €114.6 million (£98 million) and are intended to remove bottlenecks and keep traffic moving on England’s motorways and major A roads. They will be delivered by March 2015 and will bring an estimated €1.64 billion (£1.4
Ethiopia is set to benefit economically from investment in a number of new key road links totalling over US$1 billion.
The east African nation’s 218km Modjo-Hassan highway is expected to cost US$720 million to construct. The highway will be constructed in two stages. The first section of the route will stretch 93km from Modjo to Zeway and is expected to cost $350 million to complete. The second section of the highway will be 125km long and link Zeway with Hewassa and this stretch is estimated to cost $370
The Nepalese Government is setting out a strategy to invest heavily in its transport connections. The country has set a budget of US$5.49 billion for the fiscal year 2011-2012, with $530 million to be spent on the infrastructure development programme.
The government of South Korea will be allocating a total of US$127.99 billion on transportation infrastructure in preparation for the 2018 Winter Olympics.
