Limak to Build $570M Project in Russia

Featured Limak to Build $570M Project in Russia

Limak has become a partner of the highway project in Ufa, Russia, which has a total construction value of 34 billion rubles ($570 million). Limak, a joint venture of Bashkir Concession Company (BCC), which was established for the highway project, with the Russian company VTB Capital, will also be undertaking the contracting side of the project.

Construction of the highway will last for four years, while the operation period will be 25 years. The 12.5-kilometer highway project will consist of four lanes with two departure areas and two arrivals areas. The project contains a 250-meter tunnel as well as bridges and viaducts amounting to 2,600 meters in total. With a daily capacity of 22,700 vehicles, the highway will connect Ufa to the motorway in the east. Limak will carry out the construction of the road with Marashstroy Company, its current Russian partner in the Rostov Airport project. "We will complete this project in four years. The project is a very interesting project in terms of engineering," Limak Holding Board Member Serdar Bacaksız said, also pointing out that the project is the biggest one to be carried out by Turkish contracting companies following the improvement of relations with Russia.

"We believe that the fact that both the investment and the operation of this project have been given to our company will further strengthen the relations between the two countries," he said. "We are a company that aims to be permanent in the locations that we go to. This investment is an indication that we are permanent in Russia in the long run, as a public-private investment project." AA

Last modified onSaturday, 29 July 2017 21:14