Astaldi lands £765m St Petersburg contract
A 50-50 joint venture of Astaldi and IC Ictas has signed a €1.1bn (£765m) contract to build 140km of the Moscow to St Petersburg motorway in Russia.
The Italian and Turkish contractors will carry out the design and construction of two lots of the motorway. The joint venture will work as general contractor and on behalf of Two Capitals Highway, comprising VTB Group and Vinci Concessions. Two Capitals Highway was awarded the concession for construction and management of the motorway by Avtodor, the state company responsible for building and developing Russia’s toll motorway network.
The Moscow – St Petersburg motorway is set to play a strategic role for the country’s infrastructure development, particularly in light of the 2018 FIFA World Cup, which will be hosted in Russia.
The Astaldi and Ictas work covers lots 7 and 8 of the motorway, which will form Corridor Nine of the Trans-European transport network. The route will have both six-lane and four-lane sections, with traffic travelling at a maximum speed of 150km/h. The project will start by the end of this month and work should take 35 months.
The same joint venture is already working on the the Western High-Speed Diameter project in St Petersburg.
Source: The Construction Index