Russia will give St. Petersburg nearly 100 billion rubles for three major road projects. Prime Minister Mikhail Mishustin signed a document approving money for the Latitude Highway, completion of the Moscow-Danube interchange, and a new overpass connecting the Frunzensky and Nevsky districts. City officials said 90 billion rubles will go toward building the Latitude Highway.
The city administration plans to fund early construction work before federal money arrives. Both St. Petersburg itself and private investors will cover initial costs through their concession agreement. Federal officials earmarked over 300 million rubles to finish the Moscow-Danube interchange. They allocated almost 200 million more for creating the district-connecting overpass.
Local news previously reported the expected start date for phase two of the Latitude Highway project. These investments represent significant transportation infrastructure upgrades for the Northern capital. The federal funding package addresses growing traffic concerns across several key areas of the city.
The city administration plans to fund early construction work before federal money arrives. Both St. Petersburg itself and private investors will cover initial costs through their concession agreement. Federal officials earmarked over 300 million rubles to finish the Moscow-Danube interchange. They allocated almost 200 million more for creating the district-connecting overpass.
Local news previously reported the expected start date for phase two of the Latitude Highway project. These investments represent significant transportation infrastructure upgrades for the Northern capital. The federal funding package addresses growing traffic concerns across several key areas of the city.
