The authorities in Russian city St Petersburg have set a new budget for road repairs and highway upgrades in 2011.
The authorities in Russian city St Petersburg have set a new budget for road repairs and highway upgrades in 2011. This revised budget will allow spending worth US$796 million for road infrastructure in St Petersburg. St Petersburg will raise additional funds by placing infrastructure bonds of Western High Speed Diameter (WHSD), with the first tranche worth planned to be placed by June 2011.
