Russian road concession deal agreed

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.

June 7, 2017 Read time: 1 min

RSSA 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 3012 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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New highway and bridge projects are being planned that will boost connectivity in the Russian Federation. One project lies close to the city of Ufa while another is in the Perm Region. The project to build the new Eastern Exit highway link close to Ufa, capital of the Republic of Bashkortostan, is now expected to cost US$590.1 million, compared with the $503.3 million that was originally anticipated.

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