Russia road concession deal agreed

A concession agreement has been signed for the construction and operation of a section of the Khabarovsk Bypass. The deal has been agreed between VIS Group subsidiary Regional Concession Company and the Khabarovsk Region’s Government. The project is expected to cost US$633.5 million, with a portion of the funding being provided jointly by state and federal infrastructure budgets. The remainder of the funding will be delivered in the form of a loan from Gazprombank. Once the full funding has been delivered,
December 14, 2016 Read time: 1 min
A concession agreement has been signed for the construction and operation of a section of the Khabarovsk Bypass. The deal has been agreed between VIS Group subsidiary Regional Concession Company and the Khabarovsk Region’s Government. The project is expected to cost US$633.5 million, with a portion of the funding being provided jointly by state and federal infrastructure budgets. The remainder of the funding will be delivered in the form of a loan from Gazprombank. Once the full funding has been delivered, construction should start in July 2017 and will take from 36-48 months to complete.
Finance & Funding

Related Content

  • New stretch of Mexico highway open to traffic
    August 1, 2016
    A 25km section of Guadalajara’s new bypass route in Mexico’s Jalisco State is now open to traffic. This section of the route cost just under US$81 million to construct. The bypass section features four lanes, with two in either direction and will help cut congestion in the centre of Guadalajara, as through-traffic will no longer have to drive into the city. The route is being built by Grupo Ideal and should be complete by December 2016. Once fully open for traffic, it will cut journey times in the area arou
    Read More
  • Nigerian highway concessions being offered
    September 14, 2021
    More Nigerian highway concessions are being offered.
    Read More
  • Timeline for new Paraguay-Brazil bridge
    November 30, 2016
    Work is now starting on the new bridge linking Paraguay and Brazil. The construction work is planned to take 36 months to complete and the new link will improve transport connections between the two countries as the existing bridge is no longer able to cope with demand. The contractor for the project is the joint venture alliance Construbase-Cidade-Paulitex. When originally planned the bridge was expected to cost in the region of US$71.3 million, however more recent updates as to the pricetag have not as ye
    Read More
  • SSL settles legal issues, Champlain Bridge to open December 21
    April 18, 2018
    Montreal will get its new Champlain Bridge just before Christmas, a date agreed upon by the Canadian government and the SNC-Lavalin-led consortium. The agreement settles an outstanding lawsuit that the Consortium had filed regarding costs increases of around US$186.5 million relating to the transportation of oversized parts and delays to the bridge's construction, according to media reports. Last month SNC-Lavalin, head of the Signature on the Saint-Laurent Group (SSL), had said that the bridge over the
    Read More

Highlighted Content