Russian road deals

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).
February 24, 2012 Read time: 1 min
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 1166 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 Petersburg as well as the reconstruction of the M4 Don road. By 2019, Russia plans to have invested around ?33 billion (US$47.4 billion) to develop its national transportation system, with a significant proportion being provided by private investors. However, some analysts have criticised plans for Moscow's Central Ring Road, proposed by Avtodor. The original plan was to construct the 521km toll road 50-60km from Moscow, although work has not yet commenced on the project. Some ?5.8 billion ($8.36 billion) will be required as investment in the project by 2015, with work intended to be completed by 2022.
Highway & Network Management

For more information on companies in this article

Related Content

  • Ethiopia’s challenging cement market: consumption stimulation
    January 26, 2018
    Ethiopia’s cement industry has enjoyed substantial growth in the past decade. However, challenges linked to the government’s investment policy could erode these gains, as Shem Oirere reports With nearly 16.5 million tonnes of cement capacity and 10% average growth in annual consumption, Ethiopia is among the top cement producers in sub-Saharan Africa. Only Nigeria and South Africa rival it.
    Read More
  • Concession tender for Brazilian bridge
    December 8, 2014
    Brazil’s Transport Ministry is putting the concession contract to maintain the Rio-Niterói bridge in Rio de Janeiro out to tender. The present 20-year maintenance contract for the bridge held by Ponte will run out in May 31st 2015, reports Business News Americas. The new concession deal will involve maintaining the structure as well as building an underpass underneath Renascença square in Niterói. Construction of the 13.3km pre-stressed concrete structure commenced in 1968 and was completed in 1974, at whic
    Read More
  • Alabama bridge and highway project gets clearance
    September 2, 2019
    Environmental clearance has been awarded by the US Federal Highway Administration (FHWA) for the Interstate 10 Mobile River Bridge and Bayway project.
    Read More
  • All roads lead to Dubrovnik: Corridors for Shared Prosperity
    December 13, 2018
    The European Union Road Federation is organising, in cooperation with the International Road Federation (IRF), the Croatian Roads Company (Hrvatske Ceste), the Croatian Road Association (Via Vita) and the University of Zagreb, the European Road Conference under the theme Corridors for Shared Prosperity in the iconic city of Dubrovnik, from 22 to 24 October 2018 Due to its privileged geographical position, Croatia represents a key crossroads in the connectivity of the South East Europe region, securing a
    Read More

Highlighted Content