Skip to main content

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.

Related Content

  • Russia sets out motorway development strategy up to 2030
    August 9, 2016
    Russia is looking to spend upwards of US$106 billion to improve motorways in Siberia, the Ural Mountains and central Asia by 2030. A report by the Russian financial newspaper Kommersant said that the federal transport ministry and the Federal Road Transport Agency – Rosavtodor - have designed a strategy to build another 15,000km of toll motorways to add to the already 5,000km. However, some of the ‘new’ motorways could be upgrades of two-lane roads. Between 30-50% of the cost will be borne by the priv
  • Merseylink wins US$3.12bn Mersey Gateway Project contract
    June 20, 2013
    Merseylink was today announced as the preferred bidder for the US$3.12 billion (£2bn) Mersey Gateway Project in North West England. Making the announcement together in the observatory in the Catalyst Museum in Widnes overlooking the River Mersey, Halton Borough Council and Merseylink also confirmed they have jointly identified savings amounting to “tens of millions of pounds” on the projected public sector contribution to the project budget.
  • Russia’s flood-hit Tyva republic left with big motorway and bridge repair bill
    June 23, 2014
    Fifteen bridges were destroyed and 144.7km of motorway damaged during the May 2014 floods in the Russian republic of Tyva, contributing to what authorities say is an infrastructure repair bill of €15.83 million (RUB 748.27 million. The Russian government is considering subsidies to the region worth €16.25 million in the short term. This will go towards meeting all types of flood damage costs. Meanwhile, the road fund for Russia’s Nizhny Novgorod region is to receive €177.99 million (RUB 8.4 billion) in 201
  • Tensar International to open new plant in Russia by January 2014
    November 20, 2012
    Tensar International is building a manufacturing plant in Russia. Tensar is the majority shareholder in the joint venture, with remaining investment coming from Russian partners. Don Meltzer, chief executive of US parent company, Tensar Corporation; and Bob Vevoda, chief operating officer and president of Tensar International; met with their Russian JV partners in London earlier this month to finalise the funding and construction schedule.