EBRD backs Russian project

The European Bank for Reconstruction and Development's (EBRD) board of directors has approved a US$260.56m loan for the construction of the central section of the Western High-Speed Diameter (WHSD) in St Petersburg by 2014. Magistral Severnoy Stolitsy (MSS) consortium must invest at least ROUBLE82.86billion (US$2.61billion) in the 11.5km stretch of mostly eight-lane motorway.
April 25, 2012 Read time: 1 min
The 1166 European Bank for Reconstruction and Development’s (EBRD) board of directors has approved a US$260.56m loan for the construction of the central section of the Western High-Speed Diameter (WHSD) in St Petersburg by 2014. Magistral Severnoy Stolitsy (MSS) consortium must invest at least ROUBLE82.86billion (US$2.61billion) in the 11.5km stretch of mostly eight-lane motorway. The Federal Investment Fund will provide a further ROUBLE2.64billion (US$1.64billion). On completion, the total length of the motorway will be 46.6km, including 21.51km of earthworks, 2.36km of open cut, and 22.34km of engineering structures. It will feature 14 interchanges at different levels and unique bridge structures with 45m clearance over the Sea channel and 35m clearance over the Korabelny navigation channel. The structures will be the first of their type in Russia.
Road Structures

For more information on companies in this article

Related Content

  • Bosnian motorway may get Euro Bank backing
    November 28, 2012
    Bosnian motorways company Autoputevi RS claims that the European Bank for Reconstruction and Development (EBRD) has expressed readiness to approve a €350 million loan for the construction of the 46.6km long part of the Corridor Vc motorway, from Doboj to Vukosavlje. The project is set to be carried out through what has been described as a public and private partnership model.
    Read More
  • Russia to commission new Moscow-St Petersburg highway by 2020
    June 20, 2017
    Final delivery of the final stretch for Russia’s key highway project looks set to be delayed – Eugene Gerden writes. I now looks as if Russia’s most ambitious project in the field of road building in recent years, the building of a new high-speed road link between Moscow and St Petersburg, the country’s largest cities, will not be complete in time. The project was set up by the Russian government and several private investors. According to initial state plans, building of the new road should have been compl
    Read More
  • Bosnia-Herzegovina motorway first
    July 5, 2012
    THE EBRD (European Bank for Reconstruction and Development) is increasing its support for the modernisation of the transport infrastructure of Bosnia-Herzegovina with a €21 million loan for the completion of the construction of the Banja Luka-Gradiska motorway. The motorway, being built with financing from both the EBRD and the European Investment Bank (EIB), is the first in the Republika Srpska, and links the capital Banja Luka with the international transport Corridor X [a pan- European corridor which run
    Read More
  • Russian road deals
    February 24, 2012
    A notable partnership deal looks set to provide funding for key Russian highway projects. A memorandum of co-operation has been signed between the state-owned Russian Highways (Avtodor) and the European Bank for Reconstruction and Development (EBRD).
    Read More

Highlighted Content