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

  • 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
  • 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
    Read More
  • ARTBA predicts growth in transport construction
    December 2, 2016
    Modest growth in transport construction is predicted in the US in 2017 by the American Road & Transportation Builders Association (ARTBA). According to a report by ARTBA chief economist, Dr Alison Premo Black, total transportation construction and related market activity is expected to grow 1.3% in 2017, driven largely by increases in highway and bridge private construction activity supporting residential and commercial developments. In 2017, the market is expected to reach US$247.8 billion, up from $244
    Read More
  • ARTBA provides detailed analysis of US transportation investment
    July 2, 2013
    The latest American Road & Transportation Builders Association (ARTBA) analysis of US Census Bureau data reveals a 6% decline in the real value of highway pavement work. This contrasts with investment in airport, rail, transit, port and waterway construction in the US. Contractors completed US$8.4 billion in pavement construction work between January and April 2013, compared to $8.9 billion during the same time period in 2012 according to the report. Bridge and tunnel work between January and April 2013 was
    Read More

Highlighted Content