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

  • Develop the Silk Roads, boost economic growth
    February 28, 2012
    Tony Pearce, honorary life member and former director-general of IRF Geneva, recalls the history of the Silk Roads, highlights their continued economic relevance and introduces IRF's active long-term commitment to their rehabilitation. The Silk Roads had their origins in a Chinese military mission in 138BC to purchase horses in Central Asia's Fergana Valley that were reputed to run so fast that they sweated blood. When General Chang Ch'ien reached Fergana, now in Uzbekistan, he found that the fabled horses
    Read More
  • Smart compaction at new airport project
    February 7, 2017
    A new airport project is benefiting from some of the latest developments in compaction technology Work started on a new airport for Istanbul in June 2014, with the facility set to be one of the world's largest and to set new standards when it opens for business. BOMAG has been playing a key role in the construction work at the new site, which is located close to the Black Sea coast. The construction equipment company has worked closely with the engineering team on site and BOMAG machines are now carr
    Read More
  • New CIS highway connection planned
    August 19, 2016
    Plans are being set out for an important new highway link in the CIS. This new link will connect the M-5 and M-7 highways, close to the city of Ufa and the project is expected to cost US$1.12 billion to carry out. The work will require the construction of a tunnel stretch carrying four traffic lanes, as well as two highway sections and an overpass in the city itself. Ufa is the capital of the Republic of Bashkortostan, which is part of the CIS. The city is linked to Russia’s capital Moscow by the M-7 highwa
    Read More
  • Funding for Cameroon road upgrade
    July 10, 2023
    Funding has been secured for a Cameroon road upgrade.
    Read More

Highlighted Content