Vnesheconombank to Fund Construction of Low-temperature Logistics Centre
OREANDA-NEWS. In March 2007, within the framework of the second stage of financing the construction of the low-temperature logistics center for frozen and cooled food products in the Domodedovo district in the Moscow region, Vnesheconombank will provide credit resources worth 22 million US dollars.
The project is being carried out by PLC Trio-invest incorporated in the group of companies Miratorg, a leading distributor and manufacturer of meat products in the Russian market.
In December 2006, Vnesheconombank arranged a line of credit for Trio-invest with the German Export Agency Euler Hermes AG to purchase storage equipment and IT systems produced by Dematic GmbH&Co. KG, Germany.
Earlier in 2006, the International Finance Corporation (IFC), an investment subdivision of the World Bank provided initial funds worth 20 million US dollars to finance the construction.
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