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

  • Romanian roads for STRABAG
    February 28, 2012
    Austrian contractor STRABAG will build a 24km stretch of highway in Romania in a deal worth €166 million.
    Read More
  • Consortium signs contract for section of S5 expressway in Poland
    August 8, 2014
    A consortium consisting of Heilit+Woerner (a subsidiary of Austrian company Strabag) and Budimex, has signed the contract to build a section of the S5 expressway between Poznań and Wrocław, Poland, with a gross value of about €138 million.
    Read More
  • Indian road concession deal
    May 3, 2012
    The two-lane Shivpuri-Dewas road in India's Madhya Pradesh will be widened to four lanes in a major upgraded project. The work is expected to take 30 months to complete and the work will be carried out on the 332km route by GVK Transportation. The contract is a design, build, finance, operate and transfer package and will feature a 30 year concession period.
    Read More
  • Hochtief buys out Bilfinger to take control of Herren Tunnel Lubeck
    March 14, 2016
    Global infrastructure group Hochtief has acquired the 50% of shares in Germany’s Herren Tunnel Lübeck toll road from industrial services provider Bilfinger. The acquisition brings Hochtief’s ownership to 100% and full operational control of the 30-year public-private partnership between Hochtief Solutions and Bilfinger Berger Project Investments. A contract with the project company Herrentunnel Lubeck, 50-50 joint venture, was signed in March 1999 and construction started in October 2001.Herrentunnel
    Read More

Highlighted Content