Skip to main content

Transstroy receives loan for Sochi route

Construction company Transstroy has taken out a loan of US$128 million from the Bank of Moscow for construction of a relief road for Kurortny Prospect in Sochi, Russia, from the M-27 federal highway Dzhubga-Sochi.
February 29, 2012 Read time: 1 min
Construction company 3382 Transstroy has taken out a loan of US$128 million from the Bank of Moscow for construction of a relief road for Kurortny Prospect in Sochi, Russia, from the M-27 federal highway Dzhubga-Sochi.

Extensive road works are taking place in the Black Sea resort in preparation for its hosting of the XXII Olympic Winter Games and XI Paralympic Winter Games in 2014.

For more information on companies in this article

Related Content

  • Bangladesh infrastructure boost from loan package
    October 2, 2018
    A package of loans from the Asian Infrastructure Investment Bank (AIIB) will help pay for key infrastructure projects in the country.
  • Rajasthan Mega Highways boost trade, tourism
    February 17, 2012
    Rajasthan is one of the most favoured tourist destinations of India for both domestic and international traffic on account of its rich array of historical forts, palaces, art and culture.
  • Rajasthan Mega Highways boost trade, tourism
    April 12, 2012
    Rajasthan is one of the most favoured tourist destinations of India for both domestic and international traffic on account of its rich array of historical forts, palaces, art and culture. In terms of area, Rajasthan is the country's largest state. Its size and strategic location means that it is traversed by substantial traffic linking the neighbouring states to the north and south. The National Highway (NH) road corridors currently accommodating this traffic are the NH-8, NH-11, NH-12, NH-14 and NH-1
  • Egyptian Government opening key project tender
    May 11, 2012
    The Egyptian Government is opening the tender process for the Rod el Farag highway in July 2012. The highway project is expected to cost US$1 billion to construct and will be carried out in two stages. One section will run from Alexandria Desert Road to the Cairo Ring Road. Meanwhile the second section will run from the Cairo Ring Road to the eastern side of the Nile-Shoubra area and the Al Ismailia Canal Road.