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

  • Underground routes for highways
    July 20, 2012
    Increasingly, and where possible, roads are being built in tunnels often for environmental reasons, writes Patrick Smith As part of the new M7 motorway development in the southwest of Ireland, the four-lane route crosses the River Shannon near Limerick, before it flows into the Atlantic. Centrepiece of the 10km long Limerick Southern Ring Road is the required tunnelling (675m long), which including the north and south entrance and exit ramps, means it will be 915m long. Completion of the work is planned for
    Read More
  • New Russian highway projects have been proposed
    October 29, 2018
    A proposal has been made to extend a key stretch of Russia’s high speed highway network. The highway connecting Moscow to Kazan would be upgraded and also extended in a bid to improve transport and cut journey times. A new highway section would run from Kazan, in the Volga Region, to Yekaterinburg, in the Urals, with planning already underway. The project also calls for a new highway running from Kazan to Samara to the south. This route will bypass Togliatta and will include the construction of a new bridg
    Read More
  • CECE equipment manufacturer’s conference in Berlin looks ahead for construction market growth
    October 29, 2012
    The construction equipment market has been hit hard in Europe and further afield, with economic uncertainty slowing orders. But there is light on the horizon. A range of key industry speakers made presentations at the recent Committee for European Construction Equipment (CECE) congress in Berlin, outlining prospects for the next few years in Europe as well as around the world.
    Read More
  • US$5.9 billion for three Philippines expressways
    July 10, 2024
    US$5.9 billion is being spent for three new expressways in the Philippines.
    Read More

Highlighted Content