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

  • Road tender process opening in Israel
    April 24, 2012
    The Israel National Roads Company has published the tender documents for the upgrading of road No 4 between Ashdod port and the Greater Tel Aviv region. The project involved widening the road by adding a third lane in both directions between Ashdod and Rishon LeZion.
    Read More
  • Russia seeks outside investment in road building
    November 6, 2012
    The Russian road building industry is on the verge of big changes as it bids to improve quality and speed of construction says Eugene Gerden The Russian road building industry is on the verge of big changes as the national government considers creating conditions to attract foreign companies to build roads in the country. According to a recent order of President Vladimir Putin, due to poor quality and high cost of road construction, there is a need for the development of a mechanism to attract foreign compa
    Read More
  • New Turkey tunnels for Istanbul and Izmir
    May 31, 2017
    New tunnel connections are to be built in Istanbul and Izmir, along with a new bridge in Izmir. Work is due to start shortly on the Grand Istanbul Tunnel Project. This will be a three level tunnel and should help lower congestion in Istanbul, which suffers amongst the worst traffic jams of any city in the world.
    Read More
  • New tunnels for Istanbul and Izmir, Turkey
    May 31, 2017
    New tunnel connections are to be built in Istanbul and Izmir, along with a new bridge in Izmir. Work is due to start shortly on the Grand Istanbul Tunnel Project. This will be a three level tunnel and should help lower congestion in Istanbul, which suffers amongst the worst traffic jams of any city in the world.
    Read More

Highlighted Content