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.
St Petersburg authorities are seeking investors for a proposed €2.84 billion (RUB 133 billion) multi-lane city highway. Further investment worth €104.64 million (RUB 4.9 billion) is sought for paid parking lots in the city centre. Both projects are among a number of new planned infrastructure projects in St Petersburg worth combined more than €5.66 billion (RUB 263 billion).
Other projects include a high speed tram connection on the Kirovsky Zavod - Baltic Pearl route, a new ice skating facility, the upg
Plans are in hand for major upgrades to Russia’s road network. Russian Highways (Avtodor) aims to construct 958km of roads, as well as to reconstruct 963km of road and improve 700km of road bed by 2019.
The 684km M11 highway linking Moscow with St Petersburg is the top-priority. A 72km bypass road will be built in the Tver region.
Plans are in hand for major upgrades to Russia’s road network. Russian Highways (Avtodor) aims to construct 958km of roads, as well as to reconstruct 963km of road and improve 700km of road bed by 2019.
Targets are being set for road investment, construction and repairs in Russia. To meet the country’s infrastructure needs, Russia’s National Association of Builders estimates that some 1,500km of roads must be built/year. Meanwhile the highway authorities in Moscow are aiming to repair around 33% of the city’s road surface every year. Some 23.6 million m2 of road surface will be repaired in Moscow during 2012, compared with 24.7 million m2 in 2011.
