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

  • Western High-Speed Diameter (WHSD) contract in St Petersburg annulled
    November 6, 2012
    Vice Governor of St.Petersburg Sergey Kozyrev has reported that an agreement with the Vozrozhdenie group of companies on construction of the northern section of the Western High-Speed Diameter (WHSD) can be annulled after a failure to complete the works on time. Another subcontractor is reported to be likely to complete construction of the multi-million dollar toll highway project in St Petersburg. Vozrozhdenie says delays were caused by non-payment for works already implemented. According to Vozrozhdenie,
    Read More
  • Brazil’s booming economy fuels infrastructure demand
    July 18, 2012
    The emergence of Brazil as a major economic force and its need to improve infrastructure is proving a magnet for investment. Patrick Smith reports Brazil is now the sixth biggest economy in the world according to its Finance Minister Guido Mantega. The largest country in South America with a population of 190 million and one of the BRICS, (Brazil, Russia, India, China, South Africa, Brazil’s economy grew 2.7% in 2011 and is now worth $2.5 trillion, having overtaken the UK. With big oil and gas reserves stil
    Read More
  • Brazil’s booming economy fuels infrastructure demand
    July 18, 2012
    The emergence of Brazil as a major economic force and its need to improve infrastructure is proving a magnet for investment. Patrick Smith reports Brazil is now the sixth biggest economy in the world according to its Finance Minister Guido Mantega. The largest country in South America with a population of 190 million and one of the BRICS, (Brazil, Russia, India, China, South Africa, Brazil’s economy grew 2.7% in 2011 and is now worth $2.5 trillion, having overtaken the UK. With big oil and gas reserves stil
    Read More
  • New JCB World Logistics plant opens
    February 12, 2014
    JCB Chief Executive Graeme Macdonald has officially opened the company’s newest facility in Staffordshire, which has created almost 100 new jobs in just six months. JCB World Logistics took over the former 35,581m² Blue Planet warehouse in Newcastle-under-Lyme in July 2013 and since then almost 80 new warehouse and office staff and 20 drivers have been recruited. In the next two years employment levels are expected to triple to more than 300 as the facility becomes fully operational.
    Read More

Highlighted Content