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

  • US transportation funding development
    June 29, 2012
    US Transportation and Infrastructure Committee Chairman John L. Mica (R-FL) announced recently that House and Senate conferees are concluding a bicameral, bipartisan agreement on a major transportation bill. The measure focuses on unprecedented reforms by cutting red tape and consolidating federal transportation programmes. The tentative agreement establishes federal highway, transit and highway safety policy and keeps programmes at current funding levels through the end of fiscal year 2014. Unlike the last
    Read More
  • New Canadian highway project moving forward
    August 26, 2014
    The new Regina Bypass Project in Canada is gathering momentum, with construction due to start in mid-2015 and expected to be complete in the third quarter of 2018. The project is benefiting from US$183.63 million (C$200 million) of federal funds and includes building the 40km highway class bypass itself, a 5km section of dual carriageway between the bypass and Highway 6 and 10 overpasses. Three of the five participants in the tender process have now been shortlisted for the Request for Proposal (RFP) stage
    Read More
  • Road transport key to Africa's trade links
    February 17, 2012
    Road transport is the key to improving Africa's links within its own territory, and further afield as Patrick Smith reports. Development of road transportation is the key to the future of the African economy, and countries on the continent are making great strides. According to a report by a transport infrastructure expert at the New Partnership for Africa's Development (NEPAD), within the next 15 years the value of trade in Africa could reach US$250 billion if a $32 billion investment is made to integrate
    Read More
  • Construction industry bodies call for infrastructure investment in Europe
    May 18, 2012
    The European construction contractors and equipment manufacturers associations (the FIEC and CECE respectively) are calling for increased spending on infrastructure in a bid to stimulate economic growth. “Our industry looks forward to the implementation of the right policies and incentives to nurture sustainable growth and jobs”, said Ralf Wezel, CECE secretary general, during a recent debate organised by the European Forum for Manufacturing (EFM) in the European Parliament.
    Read More

Highlighted Content