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

  • Loan for Nepal highway project
    December 6, 2016
    A new highway project in Nepal will benefit from a loan provided by the Asian Development Bank (ADB). The loan is worth nearly US$187 million. It will be used to help upgrade the country’s East-West Highway. In addition, the loan will will also be used to improve other key sections of Nepal’s road network. Key stretches of the 45km Bhairahawa-Taulihawa road as well as the 115km Narayanghat-Butwal road will be upgraded. Separate funding from the ADB will pay for technical assistance to Nepal’s Department of
  • TomTom survey shows congestion worsening in 200 global cities
    April 10, 2015
    A survey of more than 200 major global cities shows that commuters in Istanbul experience the worst overall traffic congestion. The average 30-minute drive in Istanbul takes more than an hour during evening rush hour, leading to an extra 125 hours wasted stuck in traffic every year, according to the latest Traffic Index Survey from Tom Tom. However, in Los Angeles, a 30 minute commute in the evening rush hour will take 54 minutes, adding an extra 92 hours annually.
  • Transylvania Motorway: route to prosperity
    July 4, 2012
    Work is progressing apace on the biggest infrastructure project in Europe, the Transylvania Motorway or Autostrada Transilvania (A3) in Romania, with completion scheduled for 2013. The four-lane, 415km motorway, stretching northwest from Brasov in central Romania, at an altitude of nearly 600m, will reach the country's northwestern border with Hungary at Oradea in Câmpia Crisanei at 130m above sea level, and will connect the cities of Brasov, Fagaras, Sighisoara, Târgu Mures, Cluj-Napoca, Zalau and Oradea.
  • Work on Serbia’s Corridor 10 highway is on track
    April 3, 2014
    In Serbia work on the Corridor 10 highway looks set to be completed as planned in 2016. Serbian roads company, Koridori Srbije, says that that the Corridor 10 motorway should be completed by the middle of 2016. The World Bank (WB) mission visited building sites on Corridor 10 and said that considerable progress has been made, with an additional 23% of works having been carried out in the last 18 month period. In 2014 alone, 50km of the route will be completed. Work is being carried out on 238 bridges, out o