PRESS: Alfa-Bank to lend 70 bln rbl for Russian rail car fleet

MOSCOW, Jun 10 (PRIME) -- Russia’s Alfa-Bank will provide 70 billion rubles for consolidation of the country’s freight rail car fleet, business daily Vedomosti reported Friday citing several sources.

Specifically, leasing company TransFin-M will receive 56 billion rubles to buy UVZ-Logistic, a unit of railway equipment and tank maker Uralvagonzavod (UVZ).

The bank is also ready to provide 14 billion rubles to State Transport Leasing Company (STLC) to buy 7,600 innovation low-sided cars from UVZ.

UVZ-Logistic’s fleet comprised 38,400 rail cars as of October 2015.

(63.7402 rubles – U.S. $1)

End