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

  • Book now … the early booking deadline for PPRS 2015 in Paris has been extended
    November 13, 2014
    Book now … the first Pavement Preservation &-Recycling (World) Summit (PPRS 2015), due to take place in the Palais des Congrès in Paris from February 22 2015 to February 25 2015, has extended its deadline for early bird registration November 15 2014.
    Read More
  • Four Seasons Volvo CE ice-breaking wheeled loaders
    February 20, 2014
    Four Seasons Landscaping is using its fleet of Volvo construction equipment to clear away snow and ice for road using customers across the northeast US coastal state of Connecticut. Connecticut is susceptible to extreme weather – from hot and humid in the summer to snow storms in the winter and temperatures dipping below -10°C. Although it’s the third smallest American state, northern Connecticut gets twice as much snow on average compared to the south. Most snow storms usually bring 12.7cm-20.3cm but on
    Read More
  • Central Asia’s need for improved transport infrastructure
    October 5, 2018
    Central Asia has a need for improved transport infrastructure to help develop economies - Gordon Feller reports
    Read More
  • Highway work boost in North Africa
    August 21, 2012
    North Africa is seeing construction business return - Mike Woof reports After a troubled period, stability looks to be returning to North African nations, which can only be good for the road construction sector. First Tunisia, then Egypt and finally Libya saw tumultuous revolts against the previous autocratic (and in one case at least, despotic) rulers. All three nations are now benefiting from a return to stability, with economic growth also improving once more.
    Read More

Highlighted Content