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

  • Malaysia highways being built
    January 13, 2016
    Construction work for three new highways will commence in Malaysia’s Penang State by June 2016. The work will help reduce congestion in Penang State. The first of the three highways to be built will be the Air Itam-Tun Dr Lim Chong Eu Expressway bypass. This project is being carried out by Malaysia-based Consortium Zenith BUCG. Meanwhile plans are also in hand to construct the Setiawangsa-Pantai Expressway (SPE) in Malaysia. The project is expected to cost US$845.6 million. The SPE link should be open to t
    Read More
  • Sri Lanka's new highway - on track
    February 14, 2012
    Work is progressing on-track on Sri Lanka's Southern Expressway project. This will be the country's first expressway and is expected to be completed by 2012, removing the bulk of traffic from the existing coastal road that is highly congested and also has serious safety issues.
    Read More
  • Vietnam’s US$5.5 billion ring road project
    September 16, 2024
    Vietnam is planning US$5.5 billion ring road project for HCMC.
    Read More
  • Chinese mega tunnel project planned
    October 20, 2017
    Plans are being drawn up in China for a new mega tunnel project in Guangdong Province. Details of the project, to connect Shenzhen and Zhongshan, have been released by the official Chinese news agency Xinhua. The 6.8km undersea stretch of tunnel will carry eight lanes, making it the world’s widest undersea road tunnel.
    Read More

Highlighted Content