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

  • Brazil Tamoio highway and São Sebastião tunnel work
    July 5, 2016
    Brazil’s Tamoio Highway and São Sebastião tunnel construction is of major importance – Mauro Nogarin reports. The modernisation and expansion of Brazil’s Tamoio highway is a major project for Brazil. The project has an estimated cost of $1.5 billion and work on the first section from Planalto was completed in January 2014, costing around $350 million. The project is being managed by the state-owned agency DERSA, which deals with road development. According to the concessionaire for the Tamoios highway p
    Read More
  • Guinea road financing secured
    August 23, 2021
    Financing is secured for road works in Guinea.
    Read More
  • Bechtel and Enka win highway contract for Kosovo
    July 2, 2014
    Bechtel and its joint-venture partner Enka have won a contract to build a 60km highway connecting Kosovo’s capital Pristina with neighbouring Macedonia. The new Route 6 highway will help improve Kosovo’s transport links, a highly important factor for the future economic development of this small, landlocked nation. Bechtel-Enka previously constructed Kosovo’s Route 7 highway, which was completed in November 2013, a whole year ahead of schedule. The Route 7 highway with Morina on the Albanian border through
    Read More
  • More Russian firms sanctioned over Kerch Strait Bridge work
    August 6, 2018
    The European Union has sanctioned more Russian companies involved in the construction of the Kerch Strait Bridge linking Russia with the Crimean Peninsula. Newly placed on the list – now 44 companies in all – are the three firms PJSC Mostotrest, SGM and Stroygazmontazh Most OOO controlled by billionaire Arkady Rotenberg, a close friend of Russian president Vladimir Putin. Others are construction firm CJSC VAD, engineering firm GPSM and the Zaliv Shipyard. Russia seized the Crimea region from the Ukrai
    Read More

Highlighted Content