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 Government of Federal Bosnia & Herzegovina plans to invest e5.5 billion in building roads, highways and new energy projects.
To achieve this programme a new consortium will be set-up to secure part of the necessary capital, while part will be financed by strategic partners. The authorities are also working on plans for construction of the Corridor 5c highway.
Slovakia’s D4/R7 zero bypass of Bratislava has picked up the Best Transaction in Europe award given by the UK magazine Project Finance International.
The Ministry of Transport and Construction received the award in London in early February. The ministry said that the contract is notable for being the first whereby a project had combined funding from European Union investment and structural funds and the EU fund for strategic investment.
World Highways reported in January that construction will start early
