The regional authorities allocated 700 million rubles to Krasnodar to reinforce the river banks and create the Kuban embankment.
According to the report on the official website of the city administration, 500 million rubles were allocated for the protection of the Kuban, and the remaining 200 million rubles will be spent on landscaping the surrounding territory.
The head of Krasnodar, Yevgeny Pervyshov, said, «This is a landmark object, and we must be prepared to proceed with the competitive procedures and the selection of a contractor."
The new embankment will run from the Turgenevsky bridge to the New City residential complex.
The pedestrian area is expected to be 4 km long.