First privately financed motorway to be built in Moscow

A Concession Agreement was signed to build and put into operation the Northern alternative route to Kutuzovsky Prospekt, Maxim Reshetnikov, Moscow Government Minister and Head of the Department of Economic Policy and Urban Development, said at a Moscow Government meeting. The motorway, which will link the city’s centre (Moscow City) with the Moscow Ring Road (the Molodogvardeiskaya road junction, then the northern route bypassing Odintsovo) is expected to be 11 kilometres long. It will have at least four lanes and comfortable exit ramps to the MKAD, Barclay Street and the Moscow City area. The estimated traffic speed is at least 100 kilometres per hour.

Building the alternative route will be one of the most important measures to update the road network in the Moscow City area and will redirect traffic from the centre to the suburbs and back. The investor, Novaya Kontsessionnaya Kompaniya (New Concession Company), will invest about 40 billion roubles in the construction. “This will be a major concession in the Russian transport industry in terms of private investment. The city’s expenditures will be related to the compulsory purchase of land plots and the fifty-fifty co-financing of utilities removal,” Mr Reshetnikov said.