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Mostotrest OAO's Transstroymekhanisatsiya to build segment of M-4 Don Highway


Thursday, 12 Dec 2013 07:00pm EST 

Mostotrest OAO:Says after a competitive tendering process, Transstroymekhanisatsiya, a Mostotrest subsidiary, has been selected by state company Avtodor as its preferred bidder for the construction, maintenance, repair, and overhaul of the section of the M-4 Don Highway.Says the project will be implemented within the framework of a long-term investment agreement, which will run for 23 years.Says the total construction cost is 17.3 billion Russian rubles (including VAT).Says the project envisions a 1.9 billion Russian rubles (including VAT) investment from the contractor, which will be repaid during the operations phase in accordance with the approved schedule.Says the construction period under the agreement is between 2014 and 2016.Says after the construction work is completed, TSM will be responsible for the maintenance, repair and overhaul of the M-4 Don road section between 517 km –544 km while the agreement is in force. 

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