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- may need more work 2stop Moscow road w/ locals

Vinci says undeterred by Russian environmentalists

Source:  Copyright 2010, Reuters
Date:  September 18, 2010
Original URL: Status ONLINE

France's Vinci, the world's largest construction group, said on Saturday it was undeterred by environmental protesters who forced President Dmitry Medvedev to suspend its $1 billion project in Russia.

Vinci is building a 15-km toll section of the road between Moscow and St.Petersburg, a project seen as a litmus test for infrastructure investors since it is the first concession deal involving a major foreign firm.

Medvedev in August halted plans for the motorway in the face of growing public outcry against its route, which bisects a forest on Moscow's outskirts.

Prime Minister Vladimir Putin, widely regarded as the country's paramount leader, spoke in favor of the construction.

"We have no indication from the state that they are about to change the alignment," Louis-Roch Burgard, CEO of Vinci Concessions told reporters on the sidelines of Sochi Investment Forum. He said he did not know when Vinci could resume work.

"We ...

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