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 Swedish Transport Administration (Trafikverket) has unveiled a US$81.02 billion (SEK 522bn) plan for national transport systems in 2014-15. Around $43.66 billion (SEK 281 billion) of the budget been earmarked for transport system development, $24.05 billion (SEK 155bn) will be spent on road maintenance, and $13.34 billion (SEK 86bn) have been earmarked for railway maintenance. The Transport Administration’s plan also includes investment in speed cameras along 60,000kms of road as well as around 100 cros
Two major road projects are proceeding in Romania. Work on the Pitesti-Sibiu Highway is due for completion in 2023. This follows on from a €1.6 billion investment provided through the Large Infrastructure Operational Programme (LIOP). Romania’s Ministry of Transport has said that work on the project should commence on 1st January 2017.
A budget of US$8.97 billion has been set as the limit on borrowing for India’s highways development programme for the 2017-2018 fiscal year. The financing agreement has been made by the National Highways Authority of India (NHAI), acting through the country’s Ministry of Road Transport and Highways. This substantial budget comes in spite of fewer projects being awarded as well as less financing having been secured during 2016. In the April to October 2016 the NHAI awarded contracts for 2,330km of highways.
