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

  • Ethiopia’s building roads
    November 29, 2013
    Ethiopia is set to benefit economically from investment in a number of new key road links totalling over US$1 billion. The east African nation’s 218km Modjo-Hassan highway is expected to cost US$720 million to construct. The highway will be constructed in two stages. The first section of the route will stretch 93km from Modjo to Zeway and is expected to cost $350 million to complete. The second section of the highway will be 125km long and link Zeway with Hewassa and this stretch is estimated to cost $370
    Read More
  • Turkish highways and bridge project financing secured
    June 7, 2018
    The financing package that will pay for Turkey’s €2.43 billion Malkara to Çanakkale highway and 1915 Çanakkale Bridge has now been secured. This follows on from Mott MacDonald completing its technical due diligence of the project documentation. The project will be handled under the PPP model. The centrepiece of the project is the €1.68 billion Çanakkale 1915 bridge. This will be over 4.6km long, with a 2,023m main span that will be the longest in the world for a suspension bridge. It will allow a clearance
    Read More
  • Strabag-led consortium wins €178 million R2 Slovakia expressway contract
    November 22, 2013
    A consortium led by the European construction group Strabag has signed the €178 million contract to build the 10.4km long section of the R2 expressway between Pstruša and Kriván in Slovakia. The R2 expressway runs through the valley of the Slatina River in central Slovakia and links the cities of Pstruša and Kriván. “After years of restraint in public-sector expenditures, the Slovak construction industry is again beginning to recover. We are bidding for several large contracts that are currently in the t
    Read More
  • Sao Paulo’s Mario Covas ring road faces last section glitch
    April 10, 2015
    A consortium of Brazil's Mendes Junior and Spain's Isolux Corsán could lose its US$208 million contract to build part of the northern section of the Mario Covas beltway around the Brazilian city of São Paulo. The consortium, led by Mendes Junior, is falling behind schedule because of cash flow problems, according to São Paulo state highway company Dersa. The deal was signed in January 2013, local paper Folha de São Paulo reported.
    Read More

Highlighted Content