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Mostotrest OAO to Build Section of Moscow - St. Petersburg Highway-Interfax


Thursday, 14 Nov 2013 05:26am EST 

Interfax reported that Mostotrest OAO has won a bid for the construction, maintenance, repair and operation of the sixth section of toll highway Moscow - St. Petersburg (334-543 kilometers) in the Tver and Novgorod regions (the first stage). The signing of a long-term investment agreement is scheduled by the end of 2013. Initially, the total cost of the project amounted to RUB 152.8 billion, the total value of construction works is RUB 149.1 billion, of which contractor's investments is RUB 15.96 billion. Mostotrest OAO in its proposal cut the cost of construction to RUB 144.608 billion. 

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