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

  • Chinese infrastructure growth
    May 23, 2014
    Plans are in hand for transport expansion in China. This includes major works in the Chinese provinces of Hubei and Hebei as well as the city of Yibin. In Hubei province the infrastructure programme calls for 6,500km of highway to be complete by the end of 2015. Hubei Province has spent US$17.07 billion in the first three years of the 12th Five-Year Period (2011-2015) on highway construction. At the moment, 2,278km of highway is under construction in the province. Meanwhile Hebei Province plans to spend $3.
    Read More
  • Slovakia’s D4/R7 zero bypass of Bratislava picks up award
    February 10, 2017
    Slovakia’s D4/R7 zero bypass of Bratislava has picked up the Best Transaction in Europe award given by the UK magazine Project Finance International. The Ministry of Transport and Construction received the award in London in early February. The ministry said that the contract is notable for being the first whereby a project had combined funding from European Union investment and structural funds and the EU fund for strategic investment. World Highways reported in January that construction will start early
    Read More
  • China's Roads Convention focuses on sustainability
    February 9, 2012
    IRF joins with key Chinese transport authorities to lead the way in efforts to make sustainable rural mobility, transport and access a reality for millions throughout the world. Jointly organised by IRF and the China Highway and Transportation Society (CHTS), together with the Shandong Provincial Transportation Department, the landmark 2nd International Convention on Rural Roads, hosted in the beautiful city of Jinan, China, marked a major step forward in global efforts to mobilise resources and knowledge f
    Read More
  • Kenya/Tanzania’s US$ 262.2mn transborder road
    April 23, 2013
    More than US$260 million will be spent on creating a 157.5km-long link road between Kenya and Tanzania. Of the total with $262.2 million project cost, the African Development Bank (AfDB) has offered a loan of $232.5 million, while the Africa Trade Fund will provide a trade grant of $740,000. The governments of Kenya and Tanzania have pledged $12.3 million and $15.6 million respectively. The project consists of a stretch between Voi and Taveta, Kenya as well as another between Holili and Arusha, Tanzania, an
    Read More

Highlighted Content