The construction is to commence in 2020.
In 2020, the construction of the Latitudinal high-speed highway is to start in St. Petersburg. The decision was announced during a meeting in the city administration attended by Vice Premier Maxim Akimov, Transport Minister Evgeny Ditrikh, St. Petersburg Governor Alexander Beglov and Chairman of the Leningrad Oblast construction committee Mikhail Moskvin.
Alexander Beglov pinpointed six priority road network development projects for St. Petersburg, of which the Latitudinal high-speed highway is number one. The new highway will help reduce traffic pressure on the city’s streets, redistribute passenger and cargo traffic flows and improve road connections with the Big port of St. Petersburg.
The Latitudinal high-speed highway project includes several stages, the first stage is to commence as early as next year. The first stage will be financed from the federal and the city budgets, with Northern Capital Highway, the company that built the Western High-Speed Diameter, participating. The three latter stages will be developed in the framework of a public private partnership.
The estimated project cost is about 160 billion rubles ($2.5 billion), 87 billion rubles ($1.35 billion) of this sum is to be allocated from the federal budget.
The project is to be completed in Q4 2024. The highway capacity will make over 170,000 cars and trucks a day with a speed of 110 kilometers per hour.