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24 April, Wednesday

Ufa   °

Ufa Eastern Exit construction is financed by New BRICS Development Bank

Economy/Business

UFA, 6 June 2017. /Bashinform News Agency, Olga Murtazina/.

In Ufa, a construction of the Eastern Exit (will unite the M7 and M5 routes) will be financed by the New BRICS Development Bank, investing the Bashkir government's share of 4.5 billion rubles. On June 1, on the sidelines of the SPIEF, the republican authorities signed a contract for the construction of a road with the VTB subsidiary structure — the Bashkir Concession Company.

Representatives of the bank visited and inspected a tunnel in Ufa — an object, which construction was suspended for 25 years and which is involved in the project. The road and tunnel are planned to be built within four years, the total amount of investments is about 29 billion rubles, the concession term is 25 years.

In addition, the New Development Bank BRICS has shown interest in two more objects of the road infrastructure of the country — bypasses of the cities of Birsk and Neftekamsk, the State Committee for Transport RB informed.

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