Limak wins bid for $570m highway project in Russia
Limak Construction, a leading contractor currently constructing landmark projects worldwide, including the new terminal at Kuwait International Airport, has won a $570 million bid for the construction and operation of the transport corridor between the 5 and 7 highway in Ufa, Russia. The bid was won under a Joint Venture agreement with Russia’s VTB Capital to form special purpose company LLC Bashkir Concession Company.
The project will be completed in four years followed by a planned operation period of 25 years. The 12.5-kilometer highway will be made up of four lanes in total, and comprises a 1,250-meter tunnel, several bridges, and viaducts with a total length of 2,600-meters. The road will have a capacity to support 22,700 vehicles a day and connect the city of Ufa from the east to the highway.
Limak Holding Board Member, Serdar Bacaksz, said: “This project is quite luring for us in terms of its engineering needs as the highway route has both a long tunnel and a number of bridges and viaducts spanning 2,600 meters. At the same time, following our improvement of relations with Russia, this is the largest project in Russia contracted to a Turkish contracting company after the softening of political tension between Turkey and Russia. We believe that both the investment and operation of this project will continue to strengthen relations between our two countries.”
Limak was awarded the tender for Kuwait International Airport’s New Terminal II Building which is recognized as the largest tender won abroad in a single package by Turkish contractors. In Kuwait Limak was also contracted for the Communicable Diseases Hospital project and the West Abdullah Al-Mubarak Site Infrastructure and Electrical Works project.
Limak will carry out construction of the highway with MARASHSTROY, the company’s current partner for the Rostov-on-Don Platov International Airport project scheduled to begin services December 2017.
Established in 1976, Limak Construction is a fully owned subsidiary of Limak Group of Companies, one of the leading conglomerates in Turkey. The Group operates in over 17 countries with more than 50,000 employees and across various sectors, including tourism, cement, energy, infrastructure, airport management and operations, port management, food and aviation.
From left to right, lyas Munirov, Andrey Kiselev, Nihat Ozdemir and Serdar Bacaksz