Turkey’s Limak to build $570 mln worth highway in Russia
ISTANBULTurkey’s Limak has said it became a partner in a $570 million (34 billion rubles) worth highway construction project in the Russian city of Ufa.
In a press release on July 28, Limak noted that it would undertake the whole construction works in the project.
Limak partnered with Russia’s VTB Capital in Bashkir Concession Company (BCC), an enterprise which was established to realize the project, according to the release.
Limak Holding Board Member Serdar Bacaksız said the project would be built in the next four years.
“This project is quite luring for us in terms of its engineering needs. On the highway route, there will a long tunnel and a number of bridges and viaducts. In addition to this, this is the biggest project that will be realized by a Turkish construction company after bilateral ties between Russia and Turkey started to normalize,” he said.
The operational duration for the project was set as 25 years, read the release.
The 12.5-km-long highway project will be made up of four lanes in total. A 1,250-m-long tunnel and several bridges and viaducts with a total length of 2,600 meters will be built.
Limak will construct the highway together with Marashstroy, which is also its partner in Russia’s Rostov Airport Project, according to the release.