Third section of Moscow ring road project

Financing is being secured for the project to build the third section of Moscow’s ring road. A loan worth around US$642 million will be provided by three banks, the Sberbank, Gazprombank and Eurasian Development Bank (EDB). This section of the ring road lies to the north of the city and measures 105.3km long. The loan for the PPP toll road will be for a 16-year period with the building work being carried out by the Road Construction Corporation. The ring road forms an important link in the chain for the roa
August 10, 2017 Read time: 2 mins
Financing is being secured for the project to build the third section of Moscow’s ring road. A loan worth around US$642 million will be provided by three banks, the Sberbank, 3014 Gazprombank and Eurasian Development Bank (EDB). This section of the ring road lies to the north of the city and measures 105.3km long. The loan for the PPP toll road will be for a 16-year period with the building work being carried out by the Road Construction Corporation. The ring road forms an important link in the chain for the road connection between China and Europe. Allowing vehicle traffic to flow around Moscow rather than entering the city will be of enormous benefit in helping improve journey times overall. As it stands, Moscow suffers from amongst the heaviest congestion of any city in the world. The additional traffic from the Europe-China road link will boost vehicle movements in the region around Moscow, so the ring road is essential to averting gridlock.
Finance & Funding

For more information on companies in this article

Related Content

  • Rebuilding the busy Frankfurt Airport in Germany
    September 12, 2017
    Handling up to 450 take-offs/day, Runway West is Frankfurt Airport’s busiest runway. Over 50% of the aircraft taking off from the airport uses Runway West, and a point worth noting is that this German airport is one of the busiest in Europe. In 2016, Frankfurt Airport handled nearly 61 million passengers, surpassed by Schiphol in Amsterdam and Charles de Gaulle in Paris, Europe’s third and second busiest airports respectively. Meanwhile London’s Heathrow remained Europe’s busiest airport
    Read More
  • Poland bidders angry over Astaldi win for Warsaw Ring Road work
    June 18, 2015
    Four groups that made bids for building the southern section of the Warsaw Ring Road have filed complaints about how the national road authority GDDKiA chose Astaldi as the winner. Companies appealing to the National Board of Appeal (KIO) are Impresa Pizzarotti, Porr Polska, Salini Polska and IDS-BUD. The offer made by Italian company Astaldi was at least 25% less than the estimated €391 million cost of the project, according to Polish media reports. World Highways reported in February that Astaldi
    Read More
  • The Mersey Gateway bridge project continues on schedule
    October 18, 2016
    Work continues on the 2.3km Mersey Gateway signature bridge project close to Liverpool in the UK. David Arminas reports on some of the construction highlights. Under construction is a cable-stayed structure with three towers that will span the Mersey River’s expansive mud flats between the towns of Runcorn and Widnes near Liverpool. Including the approach viaducts on each side, it will be 2.3km long with a river span of 1km. The main bridge deck will be reinforced concrete. The 80m-high central tower will b
    Read More
  • Plans in hand for major Ethiopian road programme
    September 22, 2014
    In Ethiopia plans are in hand for a series of major road projects. The Ethiopian Government has set out a programme of road building contracts to expand the country’s transportation network. The Addis Ababa City Roads Authority (AACRA) intends to build 600km of roads in the 2014/2015 fiscal year. This will extend Ethiopia’s road network from 4,671-5,275km. However AACRA still requires some £189.5 million to complete this project. So far AACRA has received US$305 million from Addis Ababa City Administration,
    Read More

Highlighted Content