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

  • Myanmar project to be funded from Thailand?
    September 28, 2017
    Funding for a road project in Myanmar looks likely to come from Thailand. The project and the possibility of a finance package for the work has been discussed in Myanmar’s parliament. The funding would come in the shape of a loan worth US$136 million and would help pay for the construction of the two-lane link. The new road connection will run between Myanmar’s Dawei Special Economic Zone (SEZ) and Thailand.
    Read More
  • A vision of roads
    September 3, 2012
    By 2040 European roads could be built differently, and hopefully be safer, according to the EU research programme NR2C
    Read More
  • Russia road concession deal agreed
    December 14, 2016
    A concession agreement has been signed for the construction and operation of a section of the Khabarovsk Bypass. The deal has been agreed between VIS Group subsidiary Regional Concession Company and the Khabarovsk Region’s Government. The project is expected to cost US$633.5 million, with a portion of the funding being provided jointly by state and federal infrastructure budgets. The remainder of the funding will be delivered in the form of a loan from Gazprombank. Once the full funding has been delivered,
    Read More
  • Guatemala bridge construction project
    May 26, 2017
    Guatemala is planning to build a new bridge that will cost an estimated US$150 million. The plans call for the new Belice Bridge to be constructed alongside the existing structure. A portion of the funding would be provided in the form of a loan from the Central American Bank for Economic Integration (CABEI). A design study could be carried out towards the end of 2018. Repairs are required to the existing BeliCe Bridge however and little interest has been received so far in the tender process for this work.
    Read More

Highlighted Content