Construction consortium conquers in contract for Moscow-St Petersburg highway section

A consortium has won a key construction and concession contract in Russia for a stretch of the Moscow-St Petersburg highway. The construction consortium comprises contractor Vinci and Russian Bank VTB. The deal involves around US$1.7 billion of public financing for the construction phase and some $983 million for operation for the period of the contract. The concession package involves construction of the highway section, as well as operation for a 24 year period. The construction work will be carried out b
May 13, 2014 Read time: 1 min
A consortium has won a key construction and concession contract in Russia for a stretch of the Moscow-St Petersburg highway. The construction consortium comprises contractor 5177 Vinci and Russian Bank 3012 VTB. The deal involves around US$1.7 billion of public financing for the construction phase and some $983 million for operation for the period of the contract. The concession package involves construction of the highway section, as well as operation for a 24 year period. The construction work will be carried out between 2017 and 2017. The 139km highway section will feature four and six lanes at different stretches along its length and the project also involves the construction of 52 bridges in all.
Road Structures

For more information on companies in this article

Related Content

  • Belgian road link planned
    January 6, 2021
    An important Belgian road link is being planned.
    Read More
  • Major US highway includes 76-year toll deal
    December 4, 2012
    Work on an extension to the express lanes on the I-95 Interstate highway in the US will be carried by Fluor Enterprises and the Transurban Group. The two companies have a 76-year concession package to operate and maintain the toll road infrastructure for the section of I-95 under a joint venture arrangement, 95 Express, The 147km stretch of express lanes on the I-95 highway will be owned by The Virginia Department of Transportation (VDOT) however. Work on the US$925 million project is commencing in Septembe
    Read More
  • Ecuador road contracts awarded
    September 5, 2019
    Two major road contracts have been awarded in Ecuador by the road authorities. OHL has won the concession for a 131km stretch of road between Babahoyo and Jujan. The 30-year concession package involves an investment of over US$726 million. Meanwhile Tecnica General de Construcciones has a 30-year concession for the 113km road connecting Buena Fe and Santo Domingo. This deal is worth $591 million and includes widening the road so that it features two lanes in either direction.
    Read More
  • Colombia dual carriageways under construction
    October 10, 2016
    Colombia is currently working on major highway projects that will improve transport infrastructure in the country and form part of its 4G programme. The US$616.5 million Rumichaca-Pasto dual carriageway in Narino department will improve Colombia’s transport connections with neighbouring Ecuador, cutting journey times from two hours at present to just one hour. The project is being handled by a consortium, Consorcio SAC 4G and involves improving an 80km road section and building additional lanes for the 74km
    Read More

Highlighted Content