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

  • Mota-Engil wins Compostela maintenance
    July 18, 2022
    The Portuguese infrastructure group has picked up southern Mexican contracts near the Pacific coast tourist region of Puerto Vallarta.
    Read More
  • Zimbabwe highway bidding underway
    April 3, 2023
    Bidding is underway in Zimbabwe for highway works.
    Read More
  • Italy: Astaldi takes out loan for Turkish motorway project
    June 18, 2015
    Italian civil engineering group Astaldi has underwritten a €4.5 billion (US$5 billion) loan towards the Turkish motorway project of Gebze-Orhangazi-Izmir, which is worth an overall €5.65 billion ($6.4 billion). According to the La Repubblica newspaper, the loan facility will be used to complete the 301km last stretch of the motorway and link the city of Bursa, south of the Sea of Marmara, and the Aegean port of Izmir. Part of the loan will be used to refinance stretches that are under construction for
    Read More
  • Papua New Guinea is set for extensive road bridge work upgrades
    January 21, 2015
    Papua New Guinea is set to start road and bridge upgrades that could cost upwards of US$576 million. Work on bridges will be paid partly through agreements with the Australian Department of Foreign Affairs, amounting to around US$53 million, and the Asian Development Bank which is putting in nearly $32 million. The Australian Department of Foreign Affairs has also earmarked $101 million to upgrade of arterial roads to standard concrete in the port city of Lae, the capital of Morobe Province. Lae, the
    Read More

Highlighted Content