Russia's government-owned Avtodor has announced that two teams have bid for the 4th section of M-11 Moscow-St Petersburg highway.
Mostotrest and Autobahn in the bidders for the tender process.
The 4th section of M-11 highway (km 208 - km 258) involves the construction, maintenance, current and capital repair and toll operation of the road. The contract period is 23 years. The project includes the development of four bridges, 16 overpasses and three road junctions, among others.
Mostotrest has estimated the total project investment at RUB32.3 billion (US$770.5 million).
Autobahn has estimated the total project investment at RUB31.03 billion (US$740.2 million).
The preferred bidder is set to be announced on 20 November this year.
This project was tendered in mid September together with two other road PPP projects: