Russia’s big investment in motorways and airports ahead of FIFA World Cup 2018

Russia is to invest more than €860 million in the construction and renovation of motorways and airports ahead of the 2018 FIFA World Cup. The country’s Prime Minister, Dmitry Medvedev, has signed a funding provision decree worth over €860.14 million (RUB 40 billion) for these works over the period 2014-2016. The Federal Road Agency will receive €66.32 million (RUB 3.09bn) in 2014, €230.72 million (RUB 10.75bn) in 2015, and €195.31 million (RUB 9.1bn) in 2016. The Federal Air Transport Agency will get €119.
May 28, 2014 Read time: 1 min
Russia is to invest more than €860 million in the construction and renovation of motorways and airports ahead of the 2018 2623 Fifa 1556 World Cup.

The country’s Prime Minister, Dmitry Medvedev, has signed a funding provision decree worth over €860.14 million (RUB 40 billion) for these works over the period 2014-2016. The Federal Road Agency will receive €66.32 million (RUB 3.09bn) in 2014, €230.72 million (RUB 10.75bn) in 2015, and €195.31 million (RUB 9.1bn) in 2016. The Federal Air Transport Agency will get €119.12 million (RUB 5.55bn) in 2014, almost €193.16 million (RUB 9bn) in 2015, and about €118.04 million (RUB 5.5bn) in 2016.
Road Structures

For more information on companies in this article

Related Content

  • Russia plans major infrastructure investment
    May 4, 2012
    The Russian highway authorities intend to invest a massive €16.78 billion (US$24.23 billion) in road construction and repairs during 2011. This investment will come from federal and regional budgets and represents a 40% increase over spending made in 2010. The plans involve repairs to 5,500km of road surface at a cost of €2.11 billion ($3.046 billion).
    Read More
  • Volvo Construction Equipment remains upbeat despite 2015 sales dip
    February 5, 2016
    Volvo Construction Equipment saw market share and underlying earnings improve in the final quarter of 2015. The company said that improved underlying earnings and more market share of the important larger machine segments were insufficient to offset a declining total market in Volvo Construction Equipment’s final quarter 2015 results. Sales were down 11% in the period. For full year 2015, sales at the company dipped by 3%. In the fourth quarter of 2015 Volvo CE reported that net sales decreased by
    Read More
  • Brazil set to upgrade five airports for World Cup
    February 29, 2012
    Brazil's federal government will look to carry out restoration and expansion work at five international airports through concessions and public-private partnerships (PPPs), according to presidential chief of staff Antonio Palocci.
    Read More
  • Highway developments to boost east-west transport
    February 16, 2012
    Huge highway developments are being planned and carried out to further improve East-West transport, with Central Asia a key region as Patrick Smith reports
    Read More

Highlighted Content