OREANDA-NEWS. January 12, 2012. Mostotrest entered into a contract with Avtodor State Company for Phase 1 construction, maintenance, scheduled and capital repairs and toll-based operation of the km 258 – km 334 (Vyshny Volochek Bypass) segment of the Moscow – Saint Petersburg Highway (M11) in the Tver Region.

The Vyshny Volochek Bypass Road is an integral part of the new M11 Moscow – Saint Petersburg Highway, currently under construction on commission from Avtodor State Company. The total value of Phase 1 construction, including site conditioning and installation of toll systems will be RUB49.6 billion (VAT-inclusive), with commissioning scheduled for July 1, 2015. The project envisions a contractor investment of RUB5.2 billion (VAT-inclusive), to be recovered by the contractor at the stage of operation, in accordance with the approved schedule. Project Phase 2 envisioning operation, maintenance and scheduled repairs of the toll segment will stretch over 18 years after the completion of construction.

As part of the 72 km-long segment construction project, Mostotrest will build 54 engineered structures, including 40 overpasses, 14 bridges and 2 split-level traffic interchanges at intersections with the existing M10 Moscow – Saint Petersburg Highway (bypass start and end points). The km 258 – km 334 of the new М-11 Moscow – Saint Petersburg Highway is a Grade 1A highway. Upon completion of Phase 1 construction, the segment will offer 4 traffic lines with design speed of up to 150 km/hour.

In accordance with the contract, at the post-construction stage Mostotrest will ensure maintenance, scheduled and capital repairs of the segment and engineered structures, as well as operate the segment's automated traffic management system and collect tolls on behalf of Avtodor State Company.

"The project will constitute an integral part of the new M11 Moscow – Saint Petersburg Highway, and will pave the way for other full life cycle projects in Russia going forward, says Mostotrest CEO Vladimir Vlasov. The contractor involvement in all stages of the project life cycle, from construction to long-term maintenance, will ensure a cost reduction throughout the road operation. At the same time, the project will enable Mostotrest to gather additional expertise in implementation and operation of intellectual transport systems, as well as in road maintenance and repair, in line with our development strategy".

Mostotrest (including LLC Corporation Engtransstroy and LLC Transstroymekhanisatsiya) is the largest diversified infrastructure and bridge-building company in Russia. According to PMR, the independent industry consultancy, Mostotrest had an 8.4% share of the total Russian infrastructure construction market in 2010 (excluding road maintenance and rehabilitation). Mostotrest’s core competences include construction and rehabilitation of automobile, railway and urban bridges, automobile roads and other transport infrastructure.

The company was established in 1930 as a developer of complex and oversized bridges, and has built and rehabilitated more than 7,500 infrastructure projects (bridges, flyovers, tunnels and interchanges) to date.

Mostotrest is currently implementing major infrastructure development projects across Russia, including transport infrastructure for the 2014 Sochi Olympics, Enthusiasts Avenue traffic interchange in Moscow, as well as infrastructure projects along M-4 Don, M-7 Volga and other highways.