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Chuvash Roads Modernization Project

Sector: Raw Materials • Location: Russian Federation

Source: International Finance Corporation (IFC)

Project
Completed

The Chuvash Republic is a regional government in the Russian Federation with the population of 1.3 million people. It is located 650 km east of Moscow on the Volga river. The Republic’s current economic and social priority is to improve the road network and expand road access, especially for rural communities. The purpose of the investment is to provide a local currency loan in the amount of RUR1.

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The project “Chuvash Roads Modernization Project” is an infrastructure initiative in the Raw Materials sector, located in Russian Federation. Taiyo aggregates data on it from International Finance Corporation (IFC).

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completed

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Description

Description

The Chuvash Republic is a regional government in the Russian Federation with the population of 1.3 million people. It is located 650 km east of Moscow on the Volga river. The Republic’s current economic and social priority is to improve the road network and expand road access, especially for rural communities. The purpose of the investment is to provide a local currency loan in the amount of RUR1.3 billion ($49 million) to help finance the first stage of the Republic’s capital investment program in road sector through Chuvashavtodor, state unitary enterprise owned by the Chuvash Republic. The program involves construction and upgrading of about 550 km of rural roads and the rehabilitation of priority sections of the major road network that are presently in poor condition. Road contracts under the program will be competitively bid. The loan will be fully guaranteed by the Chuvash Republic. This project will be the second IFC sub-national finance investment in the Chuvash Republic.

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High

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