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.
Plans are in hand to upgrade a major highway in Mexico’s Sonoro state. A budget of US$1.6 billion has been set in place for the necessary work. The highway will be widened and will feature two traffic lanes in either direction once the work is complete. The plans for the project have been set out by Mexico’s Secretariat of Communications and Transport (SCT). Funding for the project is being provided by the National Infrastructure Fund (Fonadin) as well as the state-owned bank Banco Nacional de Obras y Servi
Vietnam has major plans to develop its transportation infrastructure by 2020. The work required could cost in the order of US$45.9 billion. Of this, some 64.1% will be required to improve the national road system. The State Budget has so far provided approximately 30-40% of the financing required. However, the country has a need for international investment to further develop its transportation system. One of the barriers to PPPs has been a lack of clear policy on indirect government support. Another proble
Russia is setting out its budget plans for transport infrastructure investment. In all a healthy US$43.92 billion is being planned for transport infrastructure development in Russia during the 2016-2018 period. This will be used to maintain and repair existing routes as well as to develop new links. Road projects figure highly in the spending although investments will also be made into rail and air transportation.
China’s Hebei province plans to spend US$3.47 billion (CNY 21.6 billion) in 2014 to build and maintain rural and normal trunk roads. Rural roads will receive CNY 7.5 billion, normal trunk roads CNY 9.1 billion and road network optimisation CNY 5 billion.
Meanwhile, the Chinese city of Yibin will this year invest more than $1.61 billion (CNY 10 billion) in transport projects. During 2014, Yibin plans to spend a total of $6.59 billion (CNY 40.7 billion) on 157 major projects. They include 58 basic infrastruc
