Consortium wins St Petersburg bypass contract

A civil engineering tender worth U$4.73 billion for work in Saint Petersburg, Russia, has been awarded to a consortium of Russian, Italian and Turkish companies.
February 27, 2012 Read time: 1 min
A civil engineering tender worth U$4.73 billion for work in Saint Petersburg, Russia, has been awarded to a consortium of Russian, Italian and Turkish companies.
The consortium is led by Russian bank 3012 VTB and also consists of Italian civil engineering group 1324 Astaldi, Russian bank 3014 Gazprombank, Turkish construction companies 3015 IC and 3017 Mega Yapi, and GBP Infrastructure.
The contract covers the construction of an 11km road bypass and bridge between the city's port and its residential districts.
In a separate development, about $3.92 billion will be allocated for road construction in the Russian capital Moscow in 2012 under a targeted investment programme of the city. About $4.9 billion will be invested in 2013 and $5 billion in 2014.
Road Structures

For more information on companies in this article

Related Content

  • EBRD funding for St Petersburg project?
    April 27, 2012
    The European Bank for Reconstruction and Development (EBRD) intends to provide a US$277 million (€200 million) loan to the Northern Capital Highway consortium, which will build the central 11.5km section of St Petersburg’s Western High Speed Diameter (WHSD) route. The EBRD’s board of directors has said will consider the loan on 14th February 2012. The finance package is of note as Russian road projects have largely found funds from other sources so far. The Northern Capital Highway consortium estimates the
    Read More
  • Alleviating Moscow's ring road congestion
    April 10, 2012
    The US$10.5 billion CKAD (Moscow Region Ring Road), being planned and procured under the direction of the Ministry of Transport of Russia, is just one of the roads highlighted at the Moscow Forum.
    Read More
  • Alleviating Moscow's ring road congestion
    February 20, 2012
    The US$10.5 billion CKAD (Moscow Region Ring Road), being planned and procured under the direction of the Ministry of Transport of Russia, is just one of the roads highlighted at the Moscow Forum.
    Read More
  • Tender cancelled for fifth section of Moscow’s central ring road
    December 15, 2014
    Russia’s Federal Antimonopoly Service has cancelled the results of a tender for construction and maintenance of the fifth section of the central ring road in the Moscow. The FAS made the announcement following an investigation based on a complaint from Stroygazconsulting, one of Russia’s largest infrastructure construction companies. The 23-year contract was awarded to the Koltsevaya Magistral. Stroygazconsulting complained that the bids for the contract, worth nearly US$752 million, were not evaluate
    Read More

Highlighted Content