Gazprombank

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

Russia’s Federal Antimonopoly Service has cancelled the results of a tender for construction and maintenance of the fifth section of the central ring road in the Moscow. The FAS made the announcement following an investigation based on a complaint from Stroygazconsulting, one of Russia’s largest infrastructure construction companies. The 23-year contract was awarded to the Koltsevaya Magistral. Stroygazconsulting complained that the bids for the contract, worth nearly US$752 million, were not evaluate

A civil engineering tender worth U$4.73 billion for work in Saint Petersburg, Russia, has been awarded to a consortium of Russian, Italian and Turkish companies.