The authorities of the Russian region of Nizhny Novgorod concluded an agreement with Gazprombank on financing of the road construction near the city of Nizhny Novgorod.
The project is estimated at 2 billion roubles.
The bank will credit the road construction, the regional press office told Construction.RU on Friday. The road is to be built on the terms of public and private partnership
A section with the length of 3,7 km in the Borsk district will become a part of a junction near the second bridge across the Volga River in Nizhny Novgorod. The traffic will be launched here as early as on the 4th of November this year.
This new road section is supposed to be a toll one, what will allow the creditor to obtain a refund.