import psycopg2
from sshtunnel import SSHTunnelForwarder

try:

    with SSHTunnelForwarder(
         ('<server ip address>', 22),
         #ssh_private_key="</path/to/private/ssh/key>",
         ### in my case, I used a password instead of a private key
         ssh_username="<server username>",
         ssh_password="<mypasswd>,
         remote_bind_address=('localhost', 5432)) as server:

         server.start()
         print "server connected"

         params = {
             'database': '<dbname>',
             'user': '<dbusername>',
             'password': '<dbuserpass>',
             'host': 'localhost',
             'port': local_bind_port
             }

         conn = psycopg2.connect(**params)
         curs = conn.cursor()
         print "database connected"

except:
    print "Connection Failed"