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

  • Implementation of road building projects in Russia’s Moscow may be significantly delayed
    May 15, 2014
    Implementation of some large-scale investment projects for road building in Russia’s capital Moscow may be significantly delayed A series of major documentation issues are the cause of the problem. These have delayed projects for up to nine tenders on the total sum of US$2.6 billion (95 billion rubles), with anomalies having been found by the Russian Federal Anti-Monopoly Service.
  • Corridor 10 project in Serbia may be delayed
    April 2, 2013
    A series of challenges are now facing the project to construct Serbia’s key Corridor 10 highway. The EU has asked the Serbian Government for details of the priority plan and deadlines for the completion of the Corridor 10 highway. At present three sections of Corridor 10 are at risk, due to delays and financing issues. These are the Ciflik-Pirot stretch, the Bancarevo tunnel and the Vladicin Han section. According to Serbian roads company Koridori Srbije, the construction schedule will be set by the end of
  • Russian road-building industry on verge of massive cuts
    June 10, 2015
    Russia’s road building programme looks set to be cut due to economic issues - Eugene Gerden writes The Russian Government is considering a significant cut to the existing road building programme for the current year. This is due to a current economic crisis in the country, caused by Western sanctions as well as a collapse in the price of oil and gas.
  • Ukraine road development: funding secured
    November 22, 2019
    Funding has been secured to help pay for major improvements to Ukraine’s road network.