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

  • Euromarket stable until 2020, predicts Euroconstruct
    December 13, 2018
    Analysts predict strong growth in road building up to 2020 as public finances improve. Graham Anderson reports from Helsinki European civil engineering markets – including road building and maintenance - are predicted to grow strongly between now and 2020 thanks to the increasing strength of EU members states’ national economies. The increasingly optimistic forecasts are contained in the latest construction industry research from construction market analyst Euroconstruct, based in the Finnish capital Hel
    Read More
  • Shandong, China gets US$815.48mn for 2012 roads development
    June 25, 2012
    China's Shandong province has set aside US$815.48million (CNY 5.16bn) for road developments in 2012, up 10.44% from its road development allocation in 2011. It will see Shandong's road network reaching 245,000km, according to its 2011-2015 plans. The financial department of the province disclosed that the funds will be mainly used for safety construction, equipment purchase, road expansion and maintenance.
    Read More
  • FIEC calls for transport spending in Europe
    March 9, 2018
    The European contracting association, the FIEC, is calling for greater spending levels on transport infrastructure across the EU. According to the FIEC, better transport will benefit Europe’s citizens as well as economic development. As a result, the FIEC is advocating for more EU funds for transport in the next Multi-Annual Financial Framework. Together with a number of other organisations involved in transport matters, the FIEC believes that investing in transport, and in particular in the Trans-European
    Read More
  • Financial setbacks beset Slovakia’s highway development
    June 12, 2012
    Slovakian highway company NDS says that construction of the 13km Turany-Hubova highway may not be started in 2012. The previous Transport Ministry plan was to call the tender for this stretch in summer 2012. However, the EC has not yet approved the construction of this highway, with questions surrounding the protected area in the Velka and Mala Fatra mountains. If Slovakia does not get this approval, the country might have to chose the second option, which includes the tunnel Korbelka. The EC's decision is
    Read More

Highlighted Content