RUSSIA: A 30% increase in the commercial speed of tram services in Perm is expected following the award of a 20-year PPP concession for modernisation of the network.
The local government has signed a contract with Movista Regions covering the reconstruction of 35 km of route and seven traction substations, as well as upgrading of the Balatovo depot and the delivery of 44 new trams in 2023-24.
The overall value of the agreement is put at 16·1bn roubles, of which 4·4bn roubles will be provided as a grant from the federal budget. The remainder will be financed by national economic development institution VEB.RF and the concessionaire.
