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 years. The authorities are also evaluating plans for the construction of a highway that will run in parallel with Nagibin Avenue.