The Russian Government has granted a subsidy of 1 billion rubles (12.5 million dollars) for the project of the Latitudinal high-speed highway in St. Petersburg, a spokesperson for the city government told Saint-Petersburg TV Channel.
According to St. Petersburg Governor Alexander Beglov, the project will be developed in cooperation with VTB Bank. The city needs the new transport artery to relieve the traffic pressure on the roads in the southern and eastern parts of St. Petersburg and on its bridges, he added.
The new highway will be 27.4 kilometers long and have eleven junctions. It will start from the Western High-Speed Diameter near Blagodatnaya Str. and cross the Neva River next to the rail bridge and the Ring Road north of Kudrovo to run into the federal Kola highway.
Photo and video: St. Petersburg TV channel