Skip to main content

Funding proposals for Russian tunnel project

Israeli financing looks to be one funding option for the Northern Tunnel project planned in the Russian city of Rostov. The plan calls for a 2.5km tunnel that will be tolled and link the city centre with the Northern residential area and will help reduce congestion on Nagibin Avenue. This is at present the only large highway linking the city centre with the residential district and is congested at peak periods. The tunnel project is valued at US$252 million and construction work is expected to take six year
May 18, 2012 Read time: 1 min
Israeli financing looks to be one funding option for the Northern Tunnel project planned in the Russian city of Rostov. The plan calls for a 2.5km tunnel that will be tolled and link the city centre with the Northern residential area and will help reduce congestion on Nagibin Avenue. This is at present the only large highway linking the city centre with the residential district and is congested at peak periods. The tunnel project is valued at US$252 million and construction work is expected to take six years. The authorities are also evaluating plans for the construction of a highway that will run in parallel with Nagibin Avenue.

Related Content

  • Ufa highway project to start in 2018
    November 2, 2017
    Construction on a new eastern highway connection to the city of Ufa should commence in 2018. The new link will connect the city, the capital of Bashkortostan which forms part of the Russian Federation, to the M-5 Ural Highway. The project is expected to cost US$694 million to construct and the work will be headed by the Turkish contractor Limak. The project was awarded as a 25 year concession package. Construction will not be without its technical challenges as the route passes through areas that are
  • Russian bypass project proposed
    January 11, 2021
    A key Russian bypass project has been proposed.
  • Kenya develops annuity road funding model
    May 8, 2015
    Kenya is introducing novel methods for funding its necessary road infrastructure development - Shem Oirere writes. Kenya has unveiled a new financing model for road construction and reviewed its design standards and construction methodologies, which forms part of a new strategy for the East African country. Under this new plan Kenya is planning to upgrade 10,000km of road, with these links featuring asphalt surfacing; the work being carried out over the next five years at a cost of US$2.8 billion. Despite t
  • Funding for key Russian highway projects
    May 10, 2012
    A notable partnership deal looks set to provide funding for key Russian highway projects. A memorandum of cooperation has been signed between the state-owned Russian Highways (Avtodor) and the European Bank for Reconstruction and Development (EBRD). Under this deal the EBRD may provide loans to Avtodor, redeem bonds, or co-operate on concession agreements. This funding stream will allow Avtodor to implement its key PPP projects. Avtodor and the EBRD have been discussing the highway linking Moscow with St Pe