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

  • Latin America invests in infrastructure growth
    February 15, 2012
    Travelling in one of the world's most diverse regions is not always easy, but spectacular engineering feats will make life easier as Patrick Smith reports. Five years ago a report from the World Bank noted that infrastructure in most of Latin America and the Caribbean (LAC) had improved over the previous ten years.
    Read More
  • Unveiling of Australia’s WestConnex road project funding plan
    June 24, 2013
    The state government of New South Wales, Australia will ask the private sector to contribute to the funding of the 33km WestConnex road project. While initial sections of the road will be financed by the state government, its following phase will be financed by the private sector. For the project, a total of US$1.66 billion (AUD 1.8bn) will be allocated by the state government over a four-year period. Of the total, $102.22 million (AUD 111mn) will be spent in 2013-2014. The development was mentioned by Trea
    Read More
  • Brazil launches Projeto Crescer privatisation plan
    September 21, 2016
    Motorways are among the 25 infrastructure projects that Brazil’s new president, Michel Temer, intends to privatise in an attempt to revive the flagging economy. Other projects in the Projeto Crescer - Project Growth – plan include airports, rail lines, sewage systems, energy distributors and gas and oil fields. All the projects should be in majority private hands by 2018, he said during the announcement. “We will increasingly show that the government cannot do everything. We need to have the presen
    Read More
  • Extra cash to fix England's winter potholes
    March 5, 2012
    Councils in England will be given more than £100 million (US$161.7 million) of extra funding to spend on repairing potholes, Transport Secretary Philip Hammond has said.
    Read More

Highlighted Content