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13 June 2017

Russian road concession deal agreed

First published07/06/2017
A concession package has been agreed for a toll road project in the Bashkortostan Republic. The US$512 million construction project will provide a new link from the M5 Ural highway route to Ufa, the capital of the Bashkortostan Republic.

The work still to be carried out involved completing a 1.2km tunnel stretch, a 2.5km bridge and a 14km section of highway. The concession package was awarded to the VTB Group and is for a period of 25 years. Meanwhile the construction work is now being carried out by the Bashkir Concession Company, itself a part of VTB Group.

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