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

  • Texas highway contract awarded to Ferrovial
    April 16, 2021
    A key Texas highway contract has been awarded to Ferrovial and its subsidiary.
    Read More
  • Australia tunnel contract awarded to consortium
    December 19, 2018
    In Australia a contract worth US$2.75 billion (A$3.9 billion) has been awarded to a consortium made up of John Holland and CPB Contractors. The design build deal includes constructing an interchange as well as a 1km stretch of tunnel that will connect with the Iron Cove Bridge. The contract is due for completion by 2023 and forms part of the WestConnex toll road project. Building the Rozelle interchange will be complex as the work will include construction three levels of tunnels as well as a connection to
    Read More
  • Design for St Petersburg’s new highway ready
    June 18, 2015
    Preliminary design work for the Eastern High-Speed Radius construction project in St Petersburg has been completed. The project calls for the construction of a highway and a bridge between Fayansovaya Street and Zolnaya Street. The project will require an investment of some US$2.67 billion and is expected to be funded through private financial sources. Once complete the new highway will connect the southern section of the Western High-Speed Diameter route with the eastern section of the St Petersburg Ring R
    Read More
  • Construction of Vietnam’s Da Nang-Quang Ngai expressway begins
    November 25, 2013
    Construction of Vietnam’s US$1.4 billion Da Nang-Quang Ngai expressway is now underway. The near 140km-long expressway will have four lanes and a speed limit of 120km/hour. It will link economic hubs like Dung Quat (Quang Ngai), Da Nang-Chu Lai (Quang Nam) and Nhon Hoi (Binh Dinh). The expressway will also have a monitoring centre, a maintenance centre and a service centre. The Vietnamese government, the World Bank and the Japan International Co-operation Agency have provided official development assistan
    Read More

Highlighted Content