Support The Moscow Times!

Pension Fund Could Finance Airport Tunnel

The project to build a connecting tunnel between the northern and southern terminals of Sheremetyevo Airport could be financed by the pension fund, a Moscow transportation official said.

Some 1.6 billion rubles has been allocated from budget funds for the project, while 7 billion to 11 billion rubles are needed, said Viktor Yeromin, deputy director of the Moscow transportation node. To complete the financing, different schemes are under consideration, including a public-private partnership, Vedomosti reported.

Since Sheremetyevo is already carrying more than $1 billion of debt, it is possible that the project could be realized by issuing infrastructure bonds with a 25- or 30-year maturity period that could be purchased using pension funds, Yeromin said.

(MT)

Sign up for our free weekly newsletter

Our weekly newsletter contains a hand-picked selection of news, features, analysis and more from The Moscow Times. You will receive it in your mailbox every Friday. Never miss the latest news from Russia. Preview
Subscribers agree to the Privacy Policy

A Message from The Moscow Times:

Dear readers,

We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."

These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.

We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.

By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more