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

  • Russian road contracts for Moscow and St Petersburg
    June 24, 2019
    Two major road projects are being planned for Russia’s first and second cities, Moscow and St Petersburg. Bidding is opening for the project to build a stretch of Moscow’s North-East Expressway. The work is expected to cost around US$780.6 million and includes building five viaducts and three bridges, as well as rebuilding the existing Novosavinovsky Bridge. Meanwhile in St Petersburg, construction work for the Eastern High-Speed Diameter (VSD) is now being held back until 2022 at the earliest. The work i
    Read More
  • Alleviating Moscow's ring road congestion
    April 10, 2012
    The US$10.5 billion CKAD (Moscow Region Ring Road), being planned and procured under the direction of the Ministry of Transport of Russia, is just one of the roads highlighted at the Moscow Forum.
    Read More
  • Alleviating Moscow's ring road congestion
    February 20, 2012
    The US$10.5 billion CKAD (Moscow Region Ring Road), being planned and procured under the direction of the Ministry of Transport of Russia, is just one of the roads highlighted at the Moscow Forum.
    Read More
  • A new tunnel project for Turkey is a significant move
    December 12, 2012
    The European Bank for Reconstruction and Development (EBRD) is supplying a finance package worth US$150 million for the new Bosphorus crossing project in Turkey. Running under the Bosphorus at Istanbul, the new tunnel will connect both European and Asian sides of the city. The EBRD’s $150 million loan completes $1.4 billion worth of financing required for the Eurasia Tunnel project, being built under the Bosphorus straits. Other components of the $1.4 billion financing package for this PPP project include a
    Read More

Highlighted Content