Russian road tenders faced problems in 2016

Russian road project construction tenders faced a series of serious problems in 2016. Around 30% of the tenders planned in 2016 actually fell through, according to the road agency FAS. The tenders were worth some US$4.78 billion. However the FAS intends to ensure that the majority of the road project tenders for the 2017-2019 period go through. The FAS is also intent on tackling cartels operating in the road construction sector and introduce fair competition to the industry.
April 4, 2017 Read time: 1 min
Russian road project construction tenders faced a series of serious problems in 2016. Around 30% of the tenders planned in 2016 actually fell through, according to the road agency FAS. The tenders were worth some US$4.78 billion. However the FAS intends to ensure that the majority of the road project tenders for the 2017-2019 period go through. The FAS is also intent on tackling cartels operating in the road construction sector and introduce fair competition to the industry.
Road Structures Finance & Funding

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