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

  • Work starting on Zimbabwe’s important highway
    November 4, 2019
    Construction work is finally getting underway on Zimbabwe’s important A4 Harare to Beitbridge highway project.
    Read More
  • Building Egypt's world class Desert Highway
    May 3, 2012
    A huge highway upgrade project will transform the Cairo-Alexandria road link into a world-class connection as Mike Woof reports. The work to upgrade the Desert Highway connecting Egypt's sprawling capital Cairo with its major port Alexandria, is one of the country's largest infrastructure projects for many years. This 220km highway link is being widened and improved to cope with the hugely increased traffic volumes resulting partly from Egypt's fast growing vehicle population. The Egyptian economy is strong
    Read More
  • Building Egypt's world class Desert Highway
    April 13, 2012
    A huge highway upgrade project will transform the Cairo-Alexandria road link into a world-class connection as Mike Woof reports. The work to upgrade the Desert Highway connecting Egypt's sprawling capital Cairo with its major port Alexandria, is one of the country's largest infrastructure projects for many years. This 220km highway link is being widened and improved to cope with the hugely increased traffic volumes resulting partly from Egypt's fast growing vehicle population. The Egyptian economy is strong
    Read More
  • Virginia highway project awarded to joint venture
    November 7, 2017
    A major highway project in the US state of Vriginia has been awarded to a joint venture team comprising Granite Construction, Parsons Corporation, and Corman Construction. The firms will handle the Interstate 64 (I-64) Southside Widening and High Rise Bridge, Phase 1 design-build contract, which was awarded by the Virginia Department of Transportation. Construction work for the US$410 million joint venture project is scheduled to commence in November 2017 and should be completed in July 2021.
    Read More

Highlighted Content