Volgograd authorities to allot over US$231 million for roads in 2013
The Volgograd region (South) authorities will allot over US$231 million (RUB 7bn) for roads in 2013. A total of $82.64 million will be provided for construction, about $92.56 million for repairing and maintaining regional road facilities.
January 23, 2013
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The Volgograd region (South) authorities will allot over US$231 million (RUB 7bn) for roads in 2013. A total of $82.64 million will be provided for construction, about $92.56 million for repairing and maintaining regional road facilities.
Kuwaiti construction firm Mudeer Contracting Company (Mudeer) is carrying out the five-year contract to operate and maintain a 25km causeway connecting Saudi Arabia and Bahrain. The US$44.8 million contract commences in October 2014. Mudeer’s contract also includes operating and maintaining the border control facilities between the countries. The King Fahd Causeway provides and important connection between the countries, carrying over 8 million vehicles in 2013.
The authorities in Moscow intend to invest in new roads, repairs and maintenance in a bid to tackle the city’s road connections and pothole problems. The repairs and maintenance will be carried out in and around the city. Some 180km of roads and 50km of highways will be either constructed or rebuilt during 2012. Some US$650 million has been budgeted for the work, some 2.5 times the sum spent during last year. Around 64km of highways will be built and repaired by 2015.
Underground construction in the world is increasing, metal ores are mined deeper, and there is an ever-growing demand in emerging countries for metals, infrastructure and energy.
