Tuesday, September 21, 2010

Sochi Olympics Fuel Transportation Infrastructure Spending

Transportation infrastructure spending is on the rise on Sochi, Russia, site of the 2014 Winter Olympics. Industry officials expect the national market to increase 4% to roughly $23.5 billion USD.

Spending to build roads and bridges for the 2014 Sochi Olympics has already peaked, he said, as the projects are slated to be operational in 2012.

Despite the impressive size of Russia's road construction market, it has no foreign contractors because of the high entry barriers, Mozalyov said.

Infrastructure Spending Is Rising, Builders Say
The Moscow Times
September 17, 2010