Turkish firm wins Russia road, bridges and tunnel deal

A new road project is planned for Ufa, capital of Bashkortostan, which is part of the Russian Federation. A partnership between Turkish contractor Limak Holding and Russian firm VTB Capital will handle the project, which is expected to cost US$570 million. The project will see the construction of a 12.5km long highway and includes the construction of a 1.25km tunnel section as well as 2.6km of bridge stretches over a four year period. The partners have set up a joint business, Bashkir Concession Company, to
August 9, 2017 Read time: 1 min

A new road project is planned for Ufa, capital of Bashkortostan, which is part of the Russian Federation. A partnership between Turkish contractor 5095 Limak Holding and Russian firm 3012 VTB Capital will handle the project, which is expected to cost US$570 million. The project will see the construction of a 12.5km long highway and includes the construction of a 1.25km tunnel section as well as 2.6km of bridge stretches over a four year period. The partners have set up a joint business, Bashkir Concession Company, to operate the link under a concession for a 25 year period. The new highway link will improve the connection from the centre of Ufa to the Western Europe-Western China transport corridor, which is currently under construction. The link is expected to handle around 22,700 vehicles/day.

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