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
Read time: 1 min
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 underway to widen a stretch of the Western High-Speed Diameter (WHSD) around St Petersburg in Russia. The northern section of the WHSD, near Beloostrov, will be widened from four to six lanes. The work will be carried out by Northern Capital Highway (NCH), a consortium owned by VTB and Gazprombank. This consortium is currently building the central section of the WHSD, as well as operating the tolled northern and southern sections under a PPP concession agreement. The project will cost around US$15
Bidding is strong for work on a key section of the Moscow to St Petersburg highway. Several offers have been made for the project, which will connect the Businovskaya and MKAD junction to Festivalnaya Street, and a junction of Festivalnaya Street and MKAD. Both Mostotrest and ARKS are tendering for the work. The tender results will be announced on 20th November 2012. The authorities have stated that the contract price should not exceed US$946 million.
A consortium has won a key construction and concession contract in Russia for a stretch of the Moscow-St Petersburg highway. The construction consortium comprises contractor Vinci and Russian Bank VTB. The deal involves around US$1.7 billion of public financing for the construction phase and some $983 million for operation for the period of the contract. The concession package involves construction of the highway section, as well as operation for a 24 year period. The construction work will be carried out b
