News
23 April 2024

Since 2010, the Russian Highways State Company attracted almost one trillion rubles of private investment in road construction

The Russian Highways trust management incorporates almost 5 thousand km of roads, more than 3 thousand of which have been built from the ground up. Last year alone, over 800 km of new roads became available to motorists. Attraction of investments proved as one of the reasons for such impressive results of 15 years of the State Company's operation. As Vyacheslav Petushenko, Chairman of the Board of the Russian Highways State Company, remarked in his speech at the annual National Forum of Infrastructure Companies, since 2010 to the present, about 1 trillion rubles of private investment have been raised. This amount includes loans from the National Welfare Fund, bonds and concessionaire funds.

Owing to the measures taken by the Government of the Russian Federation at the end of this year, with the opening of the Tver Bypass and traffic along the M-12 extended to Yekaterinburg, motorists will be able to travel comfortably, quickly and safely. The estimated travel time from Kazan to Yekaterinburg will be cut by 50 percent, and from St. Petersburg to Yekaterinburg by 45 percent. This will have a positive economic effect on the regions across which the "Rossia" route runs, noted Vyacheslav Petushenko. The M-12 Vostok highway is already becoming a driving force for boosting the urban planning potential and investment attractiveness of the territorial entities it passes through. The consistent extension of the route to Tyumen and further to Vladivostok will provide more opportunities for travelers and transportation companies.