Astaldi expects to close €1.7bn Russian motorway build deal

Italian civil engineering group Astaldi is expecting to obtain a €1.7 billion contract from Russia that would see them build a 140km stretch of the Moscow-St Petersburg motorway. Astaldi chairman Paolo Astaldi said that the deal for lots seven and eight of the motorway is “probable”. Astaldi is in a consortium with Turkish partner Ictas, with which it has already banked deals in Russia. The contract will be awarded by the motorway concessionaires, VTB and Vinci.
May 13, 2014 Read time: 1 min
Italian civil engineering group 1324 Astaldi is expecting to obtain a €1.7 billion contract from Russia that would see them build a 140km stretch of the Moscow-St Petersburg motorway.

Astaldi chairman Paolo Astaldi said that the deal for lots seven and eight of the motorway is “probable”. Astaldi is in a consortium with Turkish partner Ictas, with which it has already banked deals in Russia. The contract will be awarded by the motorway concessionaires, 3012 VTB and 5177 Vinci.
Road Structures

For more information on companies in this article

Related Content

  • 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 Izhevsk Bridge project in Russia
    September 25, 2013
    A new bridge project is planned for Izhevsk in Russia. The bridge will span the Kama River and is expected to cost US$438 million to construct. The contractor VTB is one of the firms that will be involved in the construction of the crossing. In addition VTB is also looking to build a bridge spanning the Lena River as well as a section of the high speed highway that will link Russia’s major conurbations of Moscow and St Petersburg. This last contract looks likely to be awarded in the second quarter of 2014.
    Read More
  • St Petersburg: bypass road swap for parking lots?
    August 7, 2015
    The Russian city of St. Petersburg is interested in the LSR group's offer to construct a bypass road around the centre of town in exchange for development of paid parking lots. Construction cost of the bypass is likely to be nearly US$638 million, according to Russian media reports. The parking lot investment would be around $168 million. The pay-back period for LSR, a major Russian property development company, is expected to be 25 years. Apart from banks such as VTB, potential private sector partner
    Read More
  • Bosphorus crossing updates
    November 29, 2013
    A group of seven banks is to fund the construction of the third Bosphorus Bridge crossing in Turkish commercial centre Istanbul. A group of six Turkish banks, Garanti Bankasi, Halk Bankasi, Is Bankasi, Vakiflar Bankasi, Ziraat Bankasi, and Yapi Kredi Bankasi, is being joined by the Netherlands-based Garantibank International to provide the necessary US$2.3 billion of funding required for the project. A joint Italian-Turkish consortium comprising Astaldi and IC Ictas will build the bridge, which will reduce
    Read More

Highlighted Content