Support The Moscow Times!

Bridge Tender Planned

Prime Minister Dmitry Medvedev has issued a directive to hold a concession tender for the construction and maintenance of a bridge across Lena River in the northeastern city of Yakutsk, a statement posted on the Cabinet's official site said Friday.

State financing of the project will total 40.3 billion rubles ($1.28 billion), Interfax said. Budget funds of 15.6 billion rubles will be spent in 2016, and then continue in various sums through 2019, when the bridge should be complete, Interfax reported.

The concession winner will also receive 16 billion rubles from the budget between 2020 and 2027 in structured decreasing payments. The concession will run for 14 years.

(MT)

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.