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

  • Indonesia’s US$7.01bn for road building to boost connectivity
    August 23, 2013
    From its 2014 budget, the Indonesian government has allocated US$7.01 billion (IDR 74.90 trillion) to the Ministry of Public Works and $3.6 billion (IDR 39.2 trillion) to the Ministry of Transportation to develop national connectivity through road construction. The move, announced by President Susilo Bambang Yudhoyono, will see road transport capacity increased by 3,854.3km in Papua; East Nusa Tenggara; West Nusa Tenggara; Sulawsi; Kalimantan; Bali; Java; and Sumatera. The government will also maintain 3
    Read More
  • Business confidence
    June 10, 2019
    Business confidence in construction looks healthy in many countries around the world. Transport infrastructure remains a high priority for construction activity around the globe. China is continuing to develop its own internal transport network, while also funding a massive programme of works under its Belt & Road plan. The impact of the Belt & Road programme is being seen in Asia, Russia and also parts of Africa, with the aim of unlocking economic activity by boosting transport connections, whether by road
    Read More
  • Chinese investment
    February 6, 2012
    China's Ministry for Transport reveals that it beat its target for upgrading rural roads during 2009. Some 381,000km of rural roads were improved, beating the target of 300,000km by a considerable margin.
    Read More
  • Ayala interest in private-public partnership projects in Philippines
    November 6, 2012
    Philippines-based conglomerate Ayala Corporation, together with its subsidiaries, is interested in at least US $ 1.85 billion worth of private-public partnership projects that are to be bid out by the government. The projects are to include the Daang Hari toll road worth US $ 50million which Ayala has already gotten the contract for, said Ayala's managing director and head of corporate strategy John Eric Francia. Ayala is reportedly interested in making bids for projects such as the LRT2, the US $ 700millio
    Read More

Highlighted Content