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Nevsky Concessionary Company, Ltd., Proceeded with an Application for Construction of the Orlovsky Tunnel under Neva river in Saint-Petersburg

February 20, 2010

Nevsky Concessionary Company, Ltd., proceeded with an application for the right to enter into the concession agreement on design, construction, financing and operation of the Orlovsky tunnel under Neva river in Saint-Petersburg. This was reported by the press-service of the City Hall on the basis of the results of the committee meeting dedicated to the open tender regarding the tunnel. The tender results will be announced on the City Hall meeting to be held on March 30, 2010.

Following the meeting results, Valentina Matvienko, Governor of Saint Petersburg, mentioned that “Vinci Group, participant of the consortium, is well-known all over the world and is experienced in tunnel construction, which allows us to expect the most advanced construction, operation and traffic management methods will be applied within the framework of the project”.

1 km Orlovsky tunnel is to connect the Smolny Embankment and the intersection of Piskarevsky Avenue. The investment volume amounts to USD 1 bln.

Source: PortNews

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