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

  • India’s coming road development programme
    January 5, 2018
    India is setting out plans for major road development works in the 2018-2019 period. Highway building projects worth a total of US$9.25 billion are being planned. The work is being planned by India’s National Highways Authority (NHAI). Some 10,000km of national highways will be built in the time period. In all contracts for 25,000km of roads will be offered for tender.
    Read More
  • India’s insurance claims for crashes are low
    October 24, 2016
    Analysis into traffic crashes in India has revealed that only around half of the country’s road deaths in 2015/2016 resulted in insurance claims. There were around 146,000 road fatalities in India during this period. The problem has been revealed by India’s Supreme Court. There are suggestions that the families of many of the road death victims do not know that they are entitled to compensation. The Supreme Court has pointed out that the four major sector insurers holding around 90% of the country’s busines
    Read More
  • Modern road system is 'a must'
    August 2, 2012
    Australia's GDP could see a major increase if traffic bottlenecks in big cities were to be removed, and the government is addressing this as a matter of urgency A modern road system is a must in Australia where it is estimated that the removal of traffic bottlenecks could potentially raise the country's GDP by 0.8%. According to the Committee for Economic Development of Australia (CEDA), which made the prediction, infrastructure bottlenecks (particularly in cities, which account for over 70% of the country'
    Read More
  • India’s new highway projects finding funding
    October 20, 2016
    Funding has been found for a major highway project in India. The Asian Development Bank (ADB) is providing a substantial portion of the US$846 million of financing required for the 800km Visakhapatnam-Chennai Industrial Corridor (VCIC). In all the ADB will provide $631 million in the form of a series of grants and loans, which will be delivered in stages. Meanwhile the Indian Government will provide $215 million. The VCIC itself forms part of the 2,500km East Coast Economic Corridor (ECEC).
    Read More

Highlighted Content