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

  • A bridge of hope?
    July 18, 2012
    As Russia prepares for a major Asia Pacific conference in nearly four years' time, the economic climate is felt in other countries in the region. Patrick Smith reports AUS$1 billion-plus suspension bridge is to be built to link the city of Vladivostok in the far east of Russia and Russky Island. Russia's President Dmitry Medvedev has signed an instruction for construction of the 3,150m long bridge, which is intended to provide access to the 24th Asia Pacific Economic Cooperation (APEC) summit, to be held o
    Read More
  • Bidding is healthy for a contract for the I-77 Interstate highway in the US state of North Carolina with Spanish firms competing
    April 4, 2012
    Bidding is healthy for the I-77 Interstate highway project in the US state of North Carolina. This 47km highway runs from the city of Charlotte to Mooresville and the contract will be for a 50 year period. Spanish construction companies ACS, OHL and Ferrovial are all amongst the bidder for the US$501.5 million package, which includes construction, maintenance and. French firm Vinci has formed a partnership with US companies Parsons, Archer Western and Blythe Construction. ACS has ACS formed a consortium wit
    Read More
  • Deal struck for Poland's A2 highway
    February 27, 2012
    Work on two sections of Poland's A2 highway originally planned to be built by the Chinese COVEC will now be constructed by two consortia.
    Read More
  • India’s highway financing programme planned
    November 30, 2016
    A budget of US$8.97 billion has been set as the limit on borrowing for India’s highways development programme for the 2017-2018 fiscal year. The financing agreement has been made by the National Highways Authority of India (NHAI), acting through the country’s Ministry of Road Transport and Highways. This substantial budget comes in spite of fewer projects being awarded as well as less financing having been secured during 2016. In the April to October 2016 the NHAI awarded contracts for 2,330km of highways.
    Read More

Highlighted Content