ROSNO Insures Federal Road Construction
OREANDA-NEWS. June 14, 2007. Chita-ROSNO branch has concluded a contract for insurance of construction and assembly risks with the General Contractor in charge for construction of the Federal Automobile Road A-166 Chita-Zabaikalsk, CJSC NT ISSO.
The road will be laid from Chita to the border with the People’s Republic of China, with bridges on the river Onon in the Chita Region.
The insurance contract provides damage reimbursement for the following risks: fire, explosion, lightning stroke, aircraft impact, natural disasters, soil subsidence, subsoil underflooding, deliberate third-party acts intended to damage the insured property; burglary or robbery; utilities breakdown (water pipe, sewerage, and heat supply); installation errors; collapse or damage of the insured object, including the same by collapsing or falling structural elements.
Furthermore, the contract covers risks associated with civil liability of CJSC NT ISSO. The aggregate contractual insurance amount is 446,451,920 roubles.
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