The under construction Moscow - Saint Petersburg toll highway
Russian state company 3974 Avtodor is to announce a tender for a new €3.42 billion (RUB 149.1 billion) section of Moscow-St. Petersburg toll highway.
The new section will be between the road's 334th and 543rd kilometres, which passes through the Tver (Central) and the Novgorod (North-West) regions. Avtodor will hold a Dutch auction. Private investments will account for about €229.07 million (RUB 10bn) of the project's financing (own and borrowed funds in equal measures), and the remaining funds will come from the budget and the State Investment Fund. Launch of the highway is scheduled for 2018.
A private investor will operate the road until 2039. During this time, the government will make maintenance payments to the investor, in order to cover expenses on road maintenance and repairs.
The new section will be between the road's 334th and 543rd kilometres, which passes through the Tver (Central) and the Novgorod (North-West) regions. Avtodor will hold a Dutch auction. Private investments will account for about €229.07 million (RUB 10bn) of the project's financing (own and borrowed funds in equal measures), and the remaining funds will come from the budget and the State Investment Fund. Launch of the highway is scheduled for 2018.
A private investor will operate the road until 2039. During this time, the government will make maintenance payments to the investor, in order to cover expenses on road maintenance and repairs.
