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

  • Tunnel upgrade project in Pakistan on track
    August 28, 2014
    Work on Pakistan’s Lowari Tunnel should be complete by October 2017. Completion of the construction project is dependent on sufficient funding however, according to Pakistan’s National Highway Authority (NHA). The Lowari Tunnel forms part of the Nowshera-Chitral Highway (N-45) and is being upgraded to boost both safety and capacity. So far over 4km of the 8.5km tunnel has been widened, costing close to US$93 million. Once the work is complete, this should reduce the travel time between Chitral and Peshawar
    Read More
  • Approval for Moscow’s ring road reconstruction
    October 15, 2015
    Moscow’s ring road is due for rebuilding – Eugene Gerden writes. The Moscow city authorities have finalised the project of the reconstruction of the Moscow Ring Road. The ring road encircles the City of Moscow and the plan was announced by Marat Khusnullin, deputy mayor of the city. Khusnullin said that, to date, the Moscow city government has completed 90% of the design documentation of the project.
    Read More
  • Vandals attack road fittings on key Nairobi road link
    April 24, 2013
    A wave of vandalism has hit a new superhighway from Nairobi as Shem Oirere reports. The newly opened 45km superhighway in Kenya’s capital Nairobi is facing a new challenge that threatens to erode its international standards and compromise the benefits it is meant to generate. A wave of vandalism targeting road fittings has hit the US$360 million highway linking Nairobi to Thika Town, posing a new challenge in the maintenance of the new road infrastructure in Kenya. The destruction delayed the completion of
    Read More
  • Algeria-Mauritania road construction
    December 12, 2024
    Construction for key Algeria-Mauritania road connection
    Read More

Highlighted Content