US$20.77bn for transport and other Russia 2018 FIFA World Cup infrastructure

Russia's government has approved a US$20.77 billion (RUB 664bn) programme for new transport and other infrastructure ahead of the 2018 FIFA World Cup. According to published documents, the federal budget will account for 50% of the total. Regional budgets and private investors will provide the rest.
June 18, 2013 Read time: 1 min
Russia's government has approved a US$20.77 billion (RUB 664bn) programme for new transport and other infrastructure ahead of the 2018 FIFA 1556 World Cup.

According to published documents, the federal budget will account for 50% of the total. Regional budgets and private investors will provide the rest.

For more information on companies in this article

Related Content

  • Sochi, Russia gets 260km of new roads for 2014 Winter Olympics
    May 23, 2013
    The Russian city of Sochi is gaining 260km of roads as part of a US$47.75 billion (RUB 1.5tn) investment in preparations for the 2014 Winter Olympics. Some $20.05 billion (RUB 627bn) has been allotted for transport – including the new Sochi roads. As a result of the new roads, the city’s traffic capacity will rise 1.8-2.5 times, while traffic speed will go up 25%. Of the overall Winter Olympics preparation budget, $7 billion (RUB 219bn) is being spent on Olympic facilities, while the rest has been provided
    Read More
  • AVTODOR seeks another Moscow-St Petersburg motorway section bid
    December 18, 2014
    Russia's state highways agency AVTODOR has invited bids for construction of another section of the Moscow to St. Petersburg toll motorway. Starting cost of the bid to build the section from kilometre 58-149 is nearly US$1.2 billion. Investors will have to put up front 20% of the accepted bid cost to build the 91km section. Construction of the 700km motorway is being let in sections, with highly competitive bids coming from the major international players in highways infrastructure. In February 2014
    Read More
  • New Central Ring Road around Moscow to be built by 2018
    September 30, 2013
    Eugene Gerden evaluates Moscow’s new ring road mega project The Russian government plans to complete implementation of one of the most ambitious projects in the country’s road building industry in recent years, which involves construction of The Central Ring Road around Moscow by 2018. The new road should be built by the next presidential elections, while its length will be 339km. It is expected to be comprised of five sections and will be located 50km away from Moscow Ring Road, a ring road encircling the
    Read More
  • Russia seeks outside investment in road building
    November 6, 2012
    The Russian road building industry is on the verge of big changes as it bids to improve quality and speed of construction says Eugene Gerden The Russian road building industry is on the verge of big changes as the national government considers creating conditions to attract foreign companies to build roads in the country. According to a recent order of President Vladimir Putin, due to poor quality and high cost of road construction, there is a need for the development of a mechanism to attract foreign compa
    Read More

Highlighted Content