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

Related Content

  • Tackling the UK's traffic congestion
    February 28, 2012
    The biggest problem on UK roads is congestion, and there is no shortage of ideas as to how it should be tackled. Patrick Smith reports. Congestion (and how to relieve it), along with safety, are among the top priorities facing those responsible for looking after the UK's roads. Road pricing, car-share lanes, greener vehicle initiatives and alternative methods of transport such as buses, trams and rail are all part of the approach, but prior to the current economic climate the nation's love affair with the c
    Read More
  • Moscow construction machine show in June 2018
    March 2, 2018
    The organisers of the bauma CTT RUSSIA 2018 report strong interest in demand for show space from exhibitors. This reflects a resurgence in the Russian construction market, with president Vladimir Putin having recently commented on the country’s planned programme for more road construction and upgrade projects over the next six years. The budget for road and highway upgrades is expected to double to US$195.3 billion for the coming six year period. According to Russia’s Federal Road Agency (Rosavtodor), some
    Read More
  • New northern relief road for Moscow
    August 20, 2015
    New Concession Company to build northern relief road of Moscow Kutuzov Avenue – Eugene Gerden writes New Concession Company has won a tender for the building of the Northern relief road of Kutuzovsky Avenue, a major radial avenue in the Russian capital Moscow. The firm is part of Leader company (one of Russia's largest management companies), owned by Yuri Kovalchuk, a well-known Russian businessman, who is reportedly close to Russia’s president Vladimir Putin. It is planned that the building of the n
    Read More
  • Construction growth Italy: upwards but slower
    January 31, 2020
    Construction investment in Italy will grow between 2020-2021, albeit at a slower pace than 2019, according updated estimates by the SaMoTer-Prometeia Outlook.
    Read More

Highlighted Content