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

  • Polish project hits rocky road
    March 5, 2012
    The project to build a section of the A4 highway in Poland between Brzesko and Wierzchoslawice in the South of the country looks set to hit major legal issues.
    Read More
  • Goldman Sachs buys into infrastructure business Essel Highways
    August 16, 2016
    A consortium of investors led by Goldman Sachs has agreed to invest US$220 million in Essel Highways, part of the Essel Group. This is the US private investment firm’s first foray into India’s road infrastructure market, according to India’s financial media reports. Essel Highways, a subsidiary of Essel Infraprojects, constructs, develops and operates national and state highways. Essel Highways, set up in 2007, boasts road assets valued at around $2 billion. It has a road development portfolio of 1
    Read More
  • Tunnel construction benefits from improved visibility
    November 14, 2012
    Major new tunnel construction projects will, on completion, help secure more reliable journey times for hundreds of thousands of people across the world. Meanwhile, as Guy Woodford reports, leading ITS solution companies have been providing vital equipment for major road tunnels The Martina Tunnel Boring Machine (TBM), a 4,500tonne Herrenknecht Earth Pressure Balance Shield said to have a world record diameter of 15.55m, has required just under a year to build the first of two tunnel tubes for the 2.5km lon
    Read More
  • Latin America invests in infrastructure growth
    February 15, 2012
    Travelling in one of the world's most diverse regions is not always easy, but spectacular engineering feats will make life easier as Patrick Smith reports. Five years ago a report from the World Bank noted that infrastructure in most of Latin America and the Caribbean (LAC) had improved over the previous ten years.
    Read More

Highlighted Content