St. Petersburg Will Invite Bids for Road Building by Year-End

ST. PETERSBURG — St. Petersburg City Hall plans to hold tenders by the end of this year for the construction of new roads and transport hubs, said Alexei Chichkanov, a representative of the committee for investment and strategic projects. “Under the terms of such contracts — a type of public-private partnership — the winner of the contract builds the project at its own cost, and then is gradually compensated from the budget,” Chichkanov said. “In this way, budget […]