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.
According to a new report by Timetric’s Construction Intelligence Centre, 15 of the major economies in Europe are investing over US$1.43 trillion in road and rail construction projects in the coming years. Russia leads with investment of $433 billion, followed by the UK and France with $263 billion and $167 billion, respectively.
The railways sector has the highest value at $804 billion, followed by the roads sector at $301 billion. Tunnels and bridges is valued at $227 billion and the trams and metros se
Huge highway investment plans have been established by the authorities in China’s Henan Province. The planned spending on highway construction in Henan during 2012 is some US$4.41 billion in all, which will see the highway network reaching a total of 6,000km. The authorities in the province have set a total transportation budget of some $7.27 billion for 2012.
A series of major highway infrastructure projects are planned for the Philippines. Plans are in hand for the Cavite-Laguna Expressway (CALAX) project, with MPCALA Holdings calling on the authorities to give final approval so that construction can commence before 2017. MPCALA Holdings is a subsidiary of conglomerate Metro Pacific Investments (MPIC) and won the 35-year contract to build, operate and maintain the CALAX in June 2015. The CALAX project is worth US$754.6 million. At present, the company is lookin
