Russian tycoon and Putin's ally Gennady Timchenko has refused to build a bridge across the Strait of Kerch to the Crimean Peninsula fearing for his reputation.

      "The project seems too difficult for us and I'm not certain about our success. I would prefer to avoid any risks for our reputation. We still have no idea about the project costs, as there is no project to begin with. Nobody can tell us about the construction place's geology. That is why that idea is so risky. I just don't want to take a responsibility and then lose everything" - Timchenko said.

      TASS news agensy reports that the Kerch Straight Bridge was supposed to be built by 2018 with an approximate cost of 228 billion rubles. Russian government reguired the bridge to be 19 kilometers long and have 4 lanes of vehicle traffic and 2 railway lines. Now the government has to find new building company by the end of 2014.

      The construction project was meant to become a workspace and the source of income for many Crimean citizens who have recently voted to become the part of Russian Federation.