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

  • Sales gain for Italian manufacturers
    February 22, 2016
    An upswing is being seen in construction machine sales in Italy, according to the latest official figures. The data from the Samoter-Prometeia Observatory reveal increases in key markets. Gains have been seen in Europe (+7.7%), Central and Eastern Europe and Turkey (+3.7%), North America (+23.1%), Central and South America (+6.3%), Middle East (+26.3%), Asia (+28.7%), Australia (+23.5%) and Africa (+2.5%). However the figures also show another sharp fall in Russia (-62.8%).
    Read More
  • Large exhibit space sales for CONEXPO Russia
    March 19, 2012
    Indoor exhibit space sales for CONEXPO Russia at CTT 2012 have already exceeded total 2011 sales.
    Read More
  • New ocean-ocean highway link proposed for Nicaragua
    October 7, 2014
    A major highway project in Nicaragua is coming closer to fruition. The new link would cross the country, connecting its Caribbean and Pacific Ocean coasts. The Central American Bank for Economic Integration (CABEI) has been called upon to approve a US$150 million loan at the end of October 2014 to part finance the scheme. Meanwhile funds worth $39 million have already been approved for the Rio Blanco-Mulukuku section of this road, which has been put out to tender. The $150 million CABEI loan would be put to
    Read More
  • Chinese investment will help with upgrading ring road in Nepal’s capital
    January 7, 2013
    The Chinese government is upgrading Nepal's capital Kathmandu ring road to eight lanes and the work is due for completion in the next three years. The upgrading includes improving a 9km section of road from Kalanki-Satdobato-Koteshwor. China agreed to widen the 27km ring road in February 2011. The construction work is being carried to a design developed by the Chinese Consultant Third Railway Survey and Design Institute Group Corporation. An agreement was signed between the two countries in Kathmandu at the
    Read More

Highlighted Content