Wednesday, June 20, 2018

Udmurtia to build $473 million dollar bridge

The Republic of Udmurtia, a federal subject of Russia, has announced that it will fund a new $473 million bridge across the Kama river, even if the project's current private investors back off.

Alexander Volkov, the head of the Republic, announced on Wednesday that the Republic would fund the planning of the project this year and would begin construction in 2013, even if its current partnership with investors falls through, Itar-Tass reports.

"At least, we'll know that it will be optimal in terms of costs; that we'll be able to build a bridge across Kama, commission it and then move on," Volkov said, according to Itar-Tass. "The Republic does not intend to give up the project provided there are no risks to its budget. I have no right to jeopardize ten billion rubles of our budget to be paid to the private partner."

The bridge was originally planned in December after the Udmurtia administration approved a concession agreement to build and operate bridge passes across the Kama and Bui Rivers near Kambarka on the Izhevsk-Sarapul-Kambarka Highway along the Bashkortostan-Udmurtia border.

The bridge is planned to serve as a link between the Central, Volga, and Ural Federal Districts.