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

  • Turkish equipment manufacturers bullish on exports
    January 6, 2017
    INTERMAT is of prime importance to Turkish equipment manufacturers as it provides them with an important route into the European market. Meanwhile Turkey itself is of key importance as a sales territory for local firms, due to the country’s current massive investment in infrastructure. The third Bosporus bridge currently being built will be the widest suspension bridge in the world when complete, while the Istanbul area is also benefiting from two major tunnel projects. In addition, the new airport under co
    Read More
  • Turkish equipment manufacturers bullish on exports
    April 21, 2015
    INTERMAT is of prime importance to Turkish equipment manufacturers as it provides them with an important route into the European market. Meanwhile Turkey itself is of key importance as a sales territory for local firms, due to the country’s current massive investment in infrastructure. The third Bosporus bridge currently being built will be the widest suspension bridge in the world when complete, while the Istanbul area is also benefiting from two major tunnel projects. In addition, the new airport under co
    Read More
  • Sandvik tunnelling equipment boosts Sochi 2014
    August 28, 2013
    Sandvik Construction is among leading equipment manufacturers playing a key role in building a network of road and rail tunnels on one new and one existing transport route in and around the Russian coastal city of Sochi as part of a US$47.75 billion investment in preparations for the Sochi 2014 Winter Olympics. Guy Woodford reports Sandvik Construction’s tunnelling equipment team in Russia have been very much in demand over the past three years. Since 2010, they have been overseeing the seven Russian c
    Read More
  • Mexico has plans for massive infrastructure investment
    July 19, 2013
    Mexico’s Government has plans for a massive programme of infrastructure improvements across the country. In all some US$314 billion will be invested in infrastructure, of which $47 billion will be targeted at improving the country’s transportation network. Mexico’s national transport and communications ministry, SCT, will manage the projects which include works for highways and airports. The plans are expected to include a combination of private and public funding sources, although further details have yet
    Read More

Highlighted Content