$50 Bln By 2020 – The St. Petersburg Times – Economic Forum

Almost a century after Tsarist-era spending came to an end, St. Petersburg is embarking on a new golden age. This time, Russia’s new energy wealth is funding $50 billion in infrastructure projects that will bring Peter the Great’s “Window on Europe” into the 21st century.

By 2020, the city is to have an office tower taller than any in Europe today, a new international airport busier than any in Scandinavia today, and a cruise ship port with more berths than any cruise port of call in the world.

To ease transportation bottlenecks, St. Petersburg is doubling the underground subway system and plans to build a 72-kilometer elevated rail system. Construction crews are building a $3 billion container port, a 116-km ring road, and a 46-km north-south bypass toll road, to speed highway traffic between Finland and Moscow.

SOURCE: The St. Petersburg Times – Economic Forum – $50 Bln By 2020.

About Damian Holmes 5564 Articles
Damian Holmes is the Founder and Editor of World Landscape Architecture (WLA). He is a registered landscape architect (AILA) working in international design practice in Australia. Damian founded WLA in 2007 to provide a website for landscape architects written by landscape architects. Connect on Linkedin at https://www.linkedin.com/in/damianholmes/