Western High-Speed Diameter (WHSD) contract in St Petersburg annulled

Vice Governor of St.Petersburg Sergey Kozyrev has reported that an agreement with the Vozrozhdenie group of companies on construction of the northern section of the Western High-Speed Diameter (WHSD) can be annulled after a failure to complete the works on time. Another subcontractor is reported to be likely to complete construction of the multi-million dollar toll highway project in St Petersburg. Vozrozhdenie says delays were caused by non-payment for works already implemented. According to Vozrozhdenie,
November 6, 2012 Read time: 1 min
Vice Governor of St.Petersburg Sergey Kozyrev has reported that an agreement with the 6442 Vozrozhdenie group of companies on construction of the northern section of the Western High-Speed Diameter (WHSD) can be annulled after a failure to complete the works on time.

Another subcontractor is reported to be likely to complete construction of the multi-million dollar toll highway project in St Petersburg. Vozrozhdenie says delays were caused by non-payment for works already implemented. According to Vozrozhdenie, the authorities must address their claims to Mostootryad-19, the project’s primary contractor. The latter won a tender for construction worth US $ 446.19 million (RUB 14bn). Mostootryad-19's debt to Vozrozhdenie is reported to have reached $ 20.33 million (RUB 640mn).

For more information on companies in this article

Related Content

  • Widening of key highway planned for St Petersburg
    October 21, 2015
    Plans are underway to widen a stretch of the Western High-Speed Diameter (WHSD) around St Petersburg in Russia. The northern section of the WHSD, near Beloostrov, will be widened from four to six lanes. The work will be carried out by Northern Capital Highway (NCH), a consortium owned by VTB and Gazprombank. This consortium is currently building the central section of the WHSD, as well as operating the tolled northern and southern sections under a PPP concession agreement. The project will cost around US$15
    Read More
  • Key Russian road construction complete
    December 5, 2016
    Construction work on the Central Section of Russia’s Western High-Speed Diameter (WHSD) in St Petersburg is complete, with some small detail work now being finished off. The WHSD connects the Southern, Central and Northern sections of St Petersburg and will open to traffic at the end of December. VTB Capital was a key participant in funding the construction of the Central Section and is a major shareholder in the consortium that will operate the entire WHSD route.
    Read More
  • New road links will cut congestion in St Petersburg
    June 20, 2016
    Road building will solve the problem of traffic jams in St Petersburg – Eugene Gerden writes The authorities in Russian city St Petersburg plan to solve the problem of traffic jams in the city during the next few years. The strategy is expected to be achieved through road building and the improvement of transport connections between different districts in the city. Implementation of these plans will take place as part of the decree 355 "Of the Strategy of St Petersburg Economic and Social Development
    Read More
  • Mostotrest won another tender for building of Moscow-St Petersburg highway
    February 20, 2014
    The award for a key stretch of the Moscow-St Petersburg highway has been awarded - Eugene Gerden writes As expected by analysts, Mostotrest, owned by the Rotenberg brothers, won the tender for the construction of the sixth and longest section of the Moscow-St Petersburg highway. Under the conditions of the tender the company will build 209km of the highway (334-543km), which will pass through the Tver and Novgorod regions of Russia. The cost of construction is 144.6 billion Rubles (US$4.51 billion), 16 bill
    Read More

Highlighted Content