Li­mak wins bid for $570m high­way project in Rus­sia

Kuwait Times - - BUSINESS -

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

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