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

  • Sennebogen cranes help Moscow road building
    November 21, 2016
    Numerous large infrastructure projects are currently underway in Russia’s capital Moscow, which are being built to help reduce the city’s chronic congestion problem
    Read More
  • Boom in Asian infrastructure investment
    February 8, 2012
    Investment in China and India continues unabated, but other nations on the continent are eager to attract companies as Patrick Smith reports Asia is still booming despite the current economic crisis, and new infrastructure programmes are constantly coming on stream. Powerhouses China and India, with their double-digit growth figures and huge infrastructure plans (in scope and cost), are leading the way and are still magnets for businesses wishing to expand, both in terms of facilities and customers. But oth
    Read More
  • New Lagos bridge link being built
    February 23, 2017
    Construction work on a major urban bridge project will commence in Nigeria’s commercial centre Lagos during this year. A budget of US$2.66 billion has been set for building the Fourth Mainland Bridge, according to the Lagos State Government. The new bridge will be the longest of the bridges connecting Lagos Island to the mainland and will carry four lanes of traffic. Its construction is intended to cut congestion on the existing Eko, Carter and Third Mainland Bridges. Lagos suffers from amongst the heaviest
    Read More
  • US$4 billion for road expansion in Vietnam
    May 21, 2024
    US$4 billion investment is planned for road expansion in Vietnam.
    Read More

Highlighted Content