A bridge across the Kaliningrad Bay
Client: Government of the Kaliningrad oblast
General contractor: "Tenth Concession Company", LLC
7 June 2019, the Group's subsidiary, "Tenth Concession Company", LLC concluded a concession agreement on the construction of the bridge over the Kaliningrad Bay in Kaliningrad Oblast. Tenth Concession Company will act as the Concessionarie of the project, the Concessor is the Government of the Kaliningrad oblast.
The construction of a bridge across the Kaliningrad Bay was stipulated by the master plan for the development of the regional capital until 2035. his large-scale project is of strategic importance for the region, and there have been previous attempts to implement it. However, it has become possible solely due to the support of the private investor.
The new bridge will connect the Kosmodemyansky and Shosseiny villages. The total span of the road infrastructure, including the bridge over the Pregolya River, approaches, overpasses and junctions will approximate 8 kilometers. The high-speed four-lane road will be part of the ring route in the Primorsk recreational zone.
Bridge design and construction is slated to take 5 years and 3 months. The operational stage of the established facility is 23 years. The preliminary cost of design and construction is estimated at about 35 billion rubles at the prices of Q4 2018. The final estimated cost will be refined following the results of the government expert review of project documentation and the accuracy of the estimated cost with recalculation into prices of the respective years of the facility construction. VIS Group is investing approximately 15 billion rubles in the project, including proprietary and borrowed funds. The rest should be attracted through budget financing. To reduce the burden on the regional budget, the project provides for toll collection, with an amount set by the Government of the Kaliningrad region. This will reduce the size of payments to the concessionaire for the constructed and commissioned bridge.
The construction of a bridge across the Kaliningrad Bay was stipulated by the master plan for the development of the regional capital until 2035. It will allow to loop the Ring Road, connect Kaliningrad’s Southern and Northern bypasses, reduce the distance between settlements by 40 km. The project will allow the traffic flow from the north-west of the region to shift to Riga-Kaliningrad-Gdansk branch of the trans-European transport corridor 1-А, improve the area’s transport accessibility and allow to eliminate heavy vehicle transit traffic through Kaliningrad. After the project is implemented, the regional budget will additionally receive substantial tax revenues.