New road upgrade project for St Petersburg

Plans are being drawn up in Russia for the M-49 route in St Petersburg, a project which is expected to cost US$225.2 million. The new road will be built in St Petersburg’s Primorsky District, on the northern side of the city. The work is expected to help reduce peak time congestion in the city. The plans call for the road to be operated under an 11 year concession package. Much of the financing is being provided by the Eurasian Development Bank (EDB), with the remainder being supplied by the First Eurasian
December 17, 2018 Read time: 1 min

Plans are being drawn up in Russia for the M-49 route in St Petersburg, a project which is expected to cost US$225.2 million. The new road will be built in St Petersburg’s Primorsky District, on the northern side of the city. The work is expected to help reduce peak time congestion in the city. The plans call for the road to be operated under an 11 year concession package. Much of the financing is being provided by the Eurasian Development Bank (EDB), with the remainder being supplied by the First Eurasian Concession Company (a division of Stroymetallkonstruktsiya).

Finance & Funding

Related Content

  • St Petersburg's latest link
    February 27, 2012
    A new project is planned is Russian city St Petersburg that will extend Suzdalsky Prospect from Vyborgkoye Highway to the road to Kamenka.
    Read More
  • St Petersburg plan
    March 2, 2012
    Over US$100 million is being budgeted for a new interchange in the Russian city of St Petersburg.
    Read More
  • Indonesia’s new tolled highway projects
    September 29, 2016
    A series of major infrastructure projects are now moving forward in Indonesia, with financing sources having been identified for the work. Key projects include a tolled highway for East Java and a new tolled road and bridge link in East Kalimantan. Work on the 158km South Coast road project for East Java is moving forward with the securing of financing in the shape of a US$225.8 million loan from the Islamic Development Bank (IDB). A tolled highway link is being planned between Melawai in Balikpapan city
    Read More
  • Cost reductions on Russian highways
    July 12, 2012
    Major cost reductions are being seen on some key highway projects in Russia including the new ring road project in St Petersburg, where the reduction is US$192.31 million. The management of the ring road in St Petersburg has signed an agreement with the main contractors (Flora, the corporation Inzhtransstroy) to cut costs by 12-17.6% in 2009-2010. The 12% reduction is equivalent to US$32.05 million and will apply to contractors that are to complete facilities in 2009. Meanwhile the 17.6% cut is for work pla
    Read More

Highlighted Content