Skip to main content

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

  • Loaders assist in Chinese concrete production facility
    September 8, 2014
    A fleet of wheeled loaders is playing an important role at a site producing concrete in China. Located at Lintong in Shaanxi Province, in China, the site is producing concrete using gravel from river plains. Lintong lies 35km to the east of Xi’An in western China, the site of the famous Terracotta Army. This new army of SDLG wheeled loaders meanwhile is being used to load gravel from the nearby river plains for Jinsheng Concrete, which sits on the 800km Wei River.
  • Virginia cancels Ferrovial road contract for US460 construction
    May 6, 2015
    The Transport Department of the State of Virginia in the US plans to cancel a contract worth an estimated US$1.12 billion for road construction awarded to Spanish firm Ferrovial. The deal ends 15 June and the two parties are negotiating compensation terms for Ferrovial which won the contract in October 2012 for US-460. . Work was to begin in 2014 and finish in 2018 but no construction has taken place. The road, awarded in consortium with American Infrastructure, was to be 88.5km and run between the c
  • Russian relief road project for Moscow
    May 3, 2019
    A new relief road project is going ahead in Russia’s capital, Moscow. The four lane relief road for the Ostafievskoe Highway in Moscow is due for completion in 2020. The 3.75km link will feature crosswalks, traffic lights and intersections and a 200m bridge section. Noise barriers will be installed along 1.2km of the route.
  • ConExpo Russia: Planning starts for 2009
    July 23, 2012
    The AEM says that its inaugural trade show in the Russian capital "exceeded expectations." Patrick Smith reports The first CONEXPO Russia, held in the capital Moscow, attracted some 6,000 attendees, according to the organisers. The Association of Equipment Manufactures (AEM) said after the inaugural event in September that more than 50% of the 2008 exhibition space had already been sold for the 2009 exposition. "Leading construction equipment companies from around the world that supported the first ever CON