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

  • Chinese firms to work on Serbia’s Corridor 11 project
    November 30, 2015
    Serbia and China have signed a memorandum of understanding for construction of two sections of Serbia’s Corridor 11. The MoU was inked in during Serbian Prime Minister Aleksandar Vucic’s visit to the Chinese capital Beijing last week. Serbia’s Tanjug news agency reported that Vucic said the deal was worth around €209 million and included construction of the 18km Surcin-Obrenovac bridge. Corridor 11 runs from the Serbian capital Belgrade southwest to the border with Montenegro, another member state of
    Read More
  • A third of Mecklenburg Vorpommern state roads in poor condition
    May 19, 2016
    Only 44% of roads in the northeastern German state of Mecklenburg Vorpommern are in good or very good condition, according to a transport infrastructure report presented to the German parliament. Also, a third are in poor or very poor condition. The state - the least densely populated in all Germany - performed well compared to other states, according to German media reports. But there are more than 600km where the damage is so bad that it must be repaired as soon as possible or at least be closely m
    Read More
  • Sobratema predicts $6 billion-a-year spend on construction equipment
    April 18, 2013
    More than US$ 800 billion of major infrastructure investment projects will drive increasingly high levels of demand for the global construction equipment supply sector in Brazil over the next five years, according to a new report from Sobratema, the Brazilian association of technology for construction and mining. The entire chain of supplies and services will benefit from a massive Brazilian road-building and social housing construction boom as the country gears up to host the 2014 soccer world cup and the
    Read More
  • Sobratema predicts $6 billion-a-year spend on construction equipment
    January 6, 2017
    More than US$ 800 billion of major infrastructure investment projects will drive increasingly high levels of demand for the global construction equipment supply sector in Brazil over the next five years, according to a new report from Sobratema, the Brazilian association of technology for construction and mining. The entire chain of supplies and services will benefit from a massive Brazilian road-building and social housing construction boom as the country gears up to host the 2014 soccer world cup and the
    Read More

Highlighted Content