Funding pledge boost for St Petersburg city centre bypass plans

St Petersburg’s city centre bypass is a vital step closer to being realised after the Russian city’s committee on economic policy and strategic planning said it will be submitting proposals for co-financing of the project to the Ministry of Transport. The bypass highway, earmarked to be built along the Obvodny Canal, is expected to cost US$1.53 billion (RUB 50 billion). An application for federal budget funds will likely be filed in 2014. The project, which stipulates construction of embankments, bridges,
November 11, 2013 Read time: 1 min
St Petersburg’s city centre bypass is a vital step closer to being realised after the Russian city’s committee on economic policy and strategic planning said it will be submitting proposals for co-financing of the project to the Ministry of Transport.

The bypass highway, earmarked to be built along the Obvodny Canal, is expected to cost US$1.53 billion (RUB 50 billion). An application for federal budget funds will likely be filed in 2014. The project, which stipulates construction of embankments, bridges, and a tunnel system, will not be implemented earlier than 2018.
Road Structures

Related Content

  • 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
  • A new tolled highway brings change for Austin, Texas
    February 10, 2020
    A new highway section in Austin, Texas marks a major departure for the southern US city
    Read More
  • US increased transportation budget proposals
    July 12, 2012
    IRF's Washington Programme Centre provides an update on some latest developments in the 2010 Budget plan There has been further recent action from both Congress and the White House on budget plans that will guide the Transportation Reauthorization Bill for the next six years. On 7 May, President Obama proposed large increases for rail and highways in his 2010 Budget plan, including the largest amount of funding that any President has sought for Amtrak, or for the development of high-speed rail in the Unite
    Read More
  • US increased transportation budget proposals
    July 12, 2012
    IRF's Washington Programme Centre provides an update on some latest developments in the 2010 Budget plan There has been further recent action from both Congress and the White House on budget plans that will guide the Transportation Reauthorization Bill for the next six years. On 7 May, President Obama proposed large increases for rail and highways in his 2010 Budget plan, including the largest amount of funding that any President has sought for Amtrak, or for the development of high-speed rail in the United
    Read More

Highlighted Content