Sberbank says lends 25 bln rbl for Lena River bridge in Siberia

MOSCOW, Dec 17 (PRIME) -- Russia's biggest lender Sberbank has opened a credit line with a limit of 25 billion rubles for construction of a bridge across the Lena River in Siberia, the bank said in a statement on Thursday.

"Sberbank will act as the financial partner of concession for construction of a bridge across the Lena River in Yakutia. The bank opens a 10-year credit line to the concessioner with a limit of up to 25 billion rubles, the first tranche is scheduled for December 2020," the bank said.

The project is fulfilled under a concession agreement between the republic and a consortium of Rostec and VIS Group.

(73.4201 rubles – U.S. $1)

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