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.
The consortium is led by Russian bank3012 VTB and also consists of Italian civil engineering group 1324 Astaldi, Russian bank 3014 Gazprombank, Turkish construction companies 3015 IC and 3017 Mega Yapi, and GBP Infrastructure.
The contract covers the construction of an 11km road bypass and bridge between the city's port and its residential districts.
In a separate development, about $3.92 billion will be allocated for road construction in the Russian capital Moscow in 2012 under a targeted investment programme of the city. About $4.9 billion will be invested in 2013 and $5 billion in 2014.
The consortium is led by Russian bank
The contract covers the construction of an 11km road bypass and bridge between the city's port and its residential districts.
In a separate development, about $3.92 billion will be allocated for road construction in the Russian capital Moscow in 2012 under a targeted investment programme of the city. About $4.9 billion will be invested in 2013 and $5 billion in 2014.
