Extra US$1.56bn for Russia World Cup 2018 host regions’ roads and airports

The Russian government is allocating an extra US$1.56 billion (RUB 51bn) for the construction of new airports and roads in FIFA World Cup 2018 host regions. The Russian transport system development programme for 2010-2020 is reported to have been amended accordingly. Of the overall new funding pot, $936.34 million (RUB 30.7bn) will be spent on road construction. The government is looking to attract private investors to contribute to the new road and airport works through public-private partnerships.
December 13, 2013 Read time: 1 min
The Russian government is allocating an extra US$1.56 billion (RUB 51bn) for the construction of new airports and roads in 2623 Fifa 1556 World Cup 2018 host regions. The Russian transport system development programme for 2010-2020 is reported to have been amended accordingly. Of the overall new funding pot, $936.34 million (RUB 30.7bn) will be spent on road construction. The government is looking to attract private investors to contribute to the new road and airport works through public-private partnerships.
Road Structures

For more information on companies in this article

Related Content

  • A new tunnel project for Turkey is a significant move
    December 12, 2012
    The European Bank for Reconstruction and Development (EBRD) is supplying a finance package worth US$150 million for the new Bosphorus crossing project in Turkey. Running under the Bosphorus at Istanbul, the new tunnel will connect both European and Asian sides of the city. The EBRD’s $150 million loan completes $1.4 billion worth of financing required for the Eurasia Tunnel project, being built under the Bosphorus straits. Other components of the $1.4 billion financing package for this PPP project include a
    Read More
  • New Zealand’s ‘Roads of national significance programme’ to end 2024?
    June 19, 2012
    New Zealand Transport Agency (NZTA) has told Transport Minister Gerry Brownlee that the completion of the government's roads of national significance programme might be pushed to 2024, as certain key motorway projects could take up to three years longer than anticipated. Under the NZ$9 billion (US$6.92 billion) plus programme, NZ$2.40 billion will be used for the Waikato Expressway; followed by another $2 billion for Auckland Western Ring Route including Waterview Connection; $1.76 billion for the highway b
    Read More
  • Make the case for electronic tolling, ASECAP conference delegates heard
    September 14, 2015
    Mobility pricing and electronic tolling is the future, delegates to a recent ASECAP Study Days conference, reports Geoff Hadwick at the Lisbon event. The international road tolling industry is failing to make its case and the sector is losing out to other social and political lobby groups. As a result, “tolling is still on the sidelines”, according to the head of the Washington-based International Bridge, Tunnel and Turnpike Association. IBTTA chief executive Pat Jones issued his stark warning at the
    Read More
  • Vietnam province to spend US$2.77bn on transport infrastructure over next 8 years
    April 24, 2012
    Long An province in Vietnam will see US$2.77billion spent on constructing and improving its inner waterway and road infrastructure over the next eight years. The provincial peoples’ committee (PPC) revealed that the major capital project will include the construction of bridges and roads linking central areas and towns. The new roads will stretch around 400km and new dredge waterways will span 600km on the Chanh, Thu Thua, Bac Dong and Tra Cu canals by 2015. Small wharves and Long An Port will also be estab
    Read More

Highlighted Content