Accounts Chamber reveals difficulties in financing construction of a highway to China 07:31

Financing the highway project connecting Russia and western China faced problems in the construction of the M-12 Moscow-Kazan highway. Recently, the cost of the project has increased by one and a half times, reaching 911.67 billion rubles, the current cash investments are not enough, informs RBC with reference to the report of the Accounts Chamber (AC) auditors.

“The construction cost of the M-12 highway, which is part of the Euro-West China (EZK) federal project, has increased by about one and a half times, reaching 911.67 billion rubles. According to the project passport, the cost of the M-12 highway is 622.8 billion rubles, but its estimated cost is about 300 billion rubles. Due to these inconsistencies, the project passport needs to be adjusted, ”said Valery Bogomolov, the supervisor of the joint venture.

According to the State Corporation (SC) “Avtodor”, the estimated cash limit of the project can be reduced to 901.5 billion rubles. It is possible to lower the bar due to savings under the article “Reserve funds for unforeseen work and costs.” However, due to geological problems on some sections of the road, the cost of construction works may increase again in the future.

“Underground sinkholes (karsts) 2-3 meters deep and up to 20 meters in diameter were found in parts of the route in the Nizhny Novgorod region and Tatarstan.

January 23 newspaper “Kommersant” reportedthat the government has drawn up the road action plan for 2023-2027. Funding has been cut for a number of construction projects and implementation deadlines have been delayed. In particular, the estimate for the M-12 highway increased by 100 billion rubles to 901 billion rubles.



Source: Gazeta

Popular

More from author

Zakharova made a new statement about the President of the European Union 23:17

Russian Ministry of Foreign Affairs Maria Zakharova's official representative Telegraph channel He called the "bag" of the chief diplomat of the European Union, Kai...

Putin accused Western agricultural manufacturers of Crooks 16:27

Western agricultural manufacturers, hidden subsidies and great preferences because they work in foreign markets cheating. This was stated by Russian President Vladimir Putin during...

Macron told France that Ukraine cannot give more weapons to Ukraine 22:59

French authorities have already given “everything that can do” in the mood of the Ukraine and TV channel can no longer supply Ukraine armed...

The actor from “Unpleasant” was needed to help doctors again after 20:30 defeat.

Actor Ruslan Aldonin spoke in an interview Mk.ruThat his condition leaves a lot desired after beating. According to Aldonin, he got sick again today. The...