Russian road bridge project faces challenges

In Russia an additional investment worth close to US$30 million is required to complete work on the new Kirovsky Bridge in Samara. However, the authorities in the Samara region have revealed that there is a problem with regard to financing the construction work. The funds from the 2015 regional budget are insufficient to pay for the remaining portion of the work. As a possible solution, the authorities in the Samara region are looking to the Russian Federal Government to provide the additional funds require
December 2, 2014 Read time: 1 min
In Russia an additional investment worth close to US$30 million is required to complete work on the new Kirovsky Bridge in Samara. However, the authorities in the Samara region have revealed that there is a problem with regard to financing the construction work. The funds from the 2015 regional budget are insufficient to pay for the remaining portion of the work. As a possible solution, the authorities in the Samara region are looking to the Russian Federal Government to provide the additional funds required. The bridge should be completed in 2015, as long as the funds can be received in time.
Road Structures

Related Content

  • New road project for Nicaragua
    August 19, 2016
    The World Bank looks likely to supply funding that will help pay for a major road improvement project in Nicaragua. The US$75 million loan should be agreed by November 2016, if all goes to plan. The funding will pay for major improvement works for the road connecting Nicaragua’s capital Managua with the country’s second city, Leon. At present the route suffers heavily from congestion at peak periods and is unsuited to the traffic volumes it has to cope with. The construction work is expected to commence in
    Read More
  • Brazil infrastructure projects being privatised?
    May 18, 2015
    The Brazilian Government is considering increasing the number of projects being privatised in a bid to boost investment in the country. Brazilian president Dilma Rousseff has suggested increasing the number of federal roads included in the privatisation programme from four to 11. The economic team has presented 20 new road stretches to be considered for inclusion in the programme. These routes will be studied in order to determine which will generate the most interest from the private sector, with six or se
    Read More
  • St Petersburg road works planned
    December 20, 2021
    New road works are being planned for St Petersburg in Russia.
    Read More
  • Global credit squeeze impacts Australia's road construction
    July 13, 2012
    Roads Australia steps up in policy debate as road construction feels the pinch of the credit squeeze, as Mark Bowmer (RA media director) reports Like all markets around the world, Australia is feeling the effects of the global credit squeeze and its impact on the delivery of major infrastructure projects such as roads. In Sydney, for example, lack of funding (both from government and private sources) is seen as the major stumbling block to the construction of a much-needed eastern extension to Sydney's main
    Read More

Highlighted Content