Western High Speed Diameter: strategic risks of a strategic project
Briefing | 19 May 2008
The Western High Speed Diameter (WHSD) is a 46 kilometre toll motorway, part of the IX Pan-European Transport Corridor linking St. Petersburg with Scandinavia. The road has been presented as a strategic investment priority for St. Petersburg by the Russian authorities and international financiers as it is going to be the first public-private partnership in Russia as well as the first toll road in Russia. Yet there are serious doubts that the WHSD will make St. Petersburg a better place.
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We expose the risks of international public finance and bring critical updates from the ground. We believe that the billions of public money should work for people and the environment.