Skip to main content

Environmental concerns over Russia's toll road

The European Bank for Reconstruction and Development (EBRD) is expressing concern at environmental issues over the new Moscow-St Petersburg tolled highway. The focus is on 14 historic oak trees that will have to be cut down in the Khimki forest to make way for the new highway. As a result the EBRD is considering withdrawing its funding and is currently looking to carry out a deeper examination of the project.
May 15, 2012 Read time: 1 min
The 1166 European Bank for Reconstruction and Development (EBRD) is expressing concern at environmental issues over the new Moscow-St Petersburg tolled highway.

The focus is on 14 historic oak trees that will have to be cut down in the Khimki forest to make way for the new highway. As a result the EBRD is considering withdrawing its funding and is currently looking to carry out a deeper examination of the project.

For more information on companies in this article

Related Content

  • Russia's road map ahead
    March 5, 2012
    Overall, Russia is to benefit from a major highway investment programme. The Federal Transport Development Programme will feature a budget of $21.5 billion for the 2010-2015 period. Some $15.1 billion is to be allocated for highway construction and repairs. Russian city St Petersburg and the surrounding the Leningrad region will see the start of major investment in infrastructure during 2011. The road sector will benefit strongly, with projects underway including the southern section of the Western High Spe
  • Russian road deals
    February 24, 2012
    A notable partnership deal looks set to provide funding for key Russian highway projects. A memorandum of co-operation has been signed between the state-owned Russian Highways (Avtodor) and the European Bank for Reconstruction and Development (EBRD).
  • Learning from Russia's controversial road project
    February 9, 2012
    The International Road Federation (IRF), founded in 1948, is the only world forum advocating better and safer roads through better road design and construction bearing in mind the user. It is a unique institution that brings together members active in road infrastructure from both the private and public sectors. The IRF promotes roads that are safe, economically viable and ecologically friendly. The IRF believes that a sound road infrastructure brings prosperity, fights poverty, furthers education and gi
  • Funding for key Russian highway projects
    May 10, 2012
    A notable partnership deal looks set to provide funding for key Russian highway projects. A memorandum of cooperation has been signed between the state-owned Russian Highways (Avtodor) and the European Bank for Reconstruction and Development (EBRD). Under this deal the EBRD may provide loans to Avtodor, redeem bonds, or co-operate on concession agreements. This funding stream will allow Avtodor to implement its key PPP projects. Avtodor and the EBRD have been discussing the highway linking Moscow with St Pe