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

  • Cameroon loan for road project
    February 21, 2022
    A loan will help pay for a Cameroon road project.
    Read More
  • Munich Autobahn widening now commencing
    September 14, 2016
    Preparation work is starting on a widening project for the A99 Autobahn, which runs around the city of Munich in the southern German state of Bavaria. The project will see the A99 being widened from its current six lanes to eight lanes on the north side of the city, between the junctions with the A9 and A92 Autobahn routes. This stretch of the A99 is close to the Allianz Arena as well as the city’s international airport and frequently suffers heavy congestion at peak periods of the day as well as from touri
    Read More
  • Chile highway link project for Valdivia
    June 26, 2017
    New dual carriageway connections are to be built in Chile to join the town of Valdivia to the Ruta 5 highway. The work is expected to cost US$250 million in all, with the work being planned by Chile’s Ministry of Public Works (MOP) and construction due to start in 2021.
    Read More
  • Chile highway link project for Valdivia
    June 26, 2017
    New dual carriageway connections are to be built in Chile to join the town of Valdivia to the Ruta 5 highway. The work is expected to cost US$250 million in all, with the work being planned by Chile’s Ministry of Public Works (MOP) and construction due to start in 2021.
    Read More

Highlighted Content