On the 16th of June, the leadership of the Russian Federal Road Agency and Italian construction corporation, Salini Impregilo S.p.A., have signed a memorandum of intentions on cooperation in the field of development and implementation of the public and private partnership projects when building federal highways in Russia.
Italian company considers an opportunity to realize the projects on a basis of the concession by way of private financial initiative, the press office of the Russian Federal Road Agency told Construction.RU. One of the potential joint projects of two organizations is the construction of a 40-kilometers highway sector of “Ural” M-5 in the Chelyabinsk region. Subsequently, it will form a part of the “Europe – Western China” transport corridor.
The 4-lanes road will be free of charge and is designed to bypass the town of Sim. The object’s construction is scheduled for 2017. The total amount of investment at the construction sites is estimated at 20 bln roubles.