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

  • Montreal’s new Champlain Bridge is shaping up for Christmas
    September 10, 2018
    Montreal’s Champlain Bridges - one going up, one coming down, reports David Arminas The importance of the new Champlain Bridge to Montreal and Canada can’t be overstated, given the crumbling nature of the not-so-old original Champlain Bridge. The original steel truss affair across the St Lawrence River and the adjacent St Lawrence Seaway canal is “a lifeline for residents and businesses” in greater Montréal, according to the national Auditor General - the public sector spending watchdog. “It accommodates
    Read More
  • Uganda-Kenya road link finds funds
    May 3, 2017
    Funding for improvements to a major road connection between Kenya and Uganda will be provided by the African Development Bank (AfDB). In all US$253 of financing will be provided for the road improvement work to the 118km stretch of road. The Kenyan side of the project will receive funding worth $147 million while the Ugandan side will receive $106 million. This will pay for close to 90% of the costs associated with the project, with the remainder being paid for by the Kenyan Government and the Ugandan Gover
    Read More
  • New Holland machines for Moldavia
    December 4, 2013
    The Moldovan Ministry of Transport and Road Infrastructure is investing €150 million to upgrade and refurbish 200km of the country’s major highway links. This funding is coming through a loan being provided by the European Bank for Reconstruction and Development (EBRD).
    Read More
  • Serbia: end in sight for finishing southern part of Corridor 10
    August 26, 2016
    Serbia’s minister of construction and infrastructure, Zorana Mihajlovic, said that the southern part of the Corridor 10 motorway is expected to be completed by the end of 2017. Speaking to the Beta news agency, she also said that work on the Corridor 11 motorway, on the Ub-Lajkovac section, is being carried out in cooperation with Chinese partner company Shang Dong. The government has also signed an agreement for construction of the Surcin-Obrenovac part of the Corridor 11. Ongoing talks between Serbi
    Read More

Highlighted Content