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

  • ARTBA reacts to US transportation budget
    February 9, 2012
    The US-based American Road & Transportation Builders Association (ARTBA) has revealed its response to plans by the US Government to invest in infrastructure. According to ARTBA, the current US Administration has proposed investing a total of US$128 billion in transportation for 2012 financial year.
    Read More
  • Russian road-building industry on verge of massive cuts
    June 10, 2015
    Russia’s road building programme looks set to be cut due to economic issues - Eugene Gerden writes The Russian Government is considering a significant cut to the existing road building programme for the current year. This is due to a current economic crisis in the country, caused by Western sanctions as well as a collapse in the price of oil and gas.
    Read More
  • Middle East financing for Moscow’s new toll route
    June 12, 2018
    Financing from the Middle East is helping to build the first toll road in Russia’s capital Moscow – Eugene Gerden reports. The first toll road within the Russian capital Moscow will be built this year with financing from a consortium comprising Russian and Arabian investors. This was revealed officially in a recent statement from the Moscow City Government. The heart of the project involves building a relief road for Kutuzovsky Prospekt, a major radial avenue in Moscow, which is known for its luxury stores
    Read More
  • RADOR highlights claimed shortfall in North West Russia road funds
    February 13, 2013
    The RADOR association, the leading organisation for advocating, planning, financing, building and maintaining roads in Russia’s regions, estimates the country’s North-Western Federal District needs US$5.367 billion (RUB 161.8bn) for road network repair and maintenance every year. RADOR says that around 19.7% of required funding was provided for regional road maintenance in 2012, along with 41.4% of funding for road repairs, and 6.3% of funding for road overhaul. The Leningrad region received 25% (RUB 5.1bn)
    Read More

Highlighted Content