OREANDA-NEWS. Promsvyazbank has provided a US$16 million credit line to Uralneftegasstroy, Ltd. The amounts lent will be invested in the construction of a high-pressure gas pipeline in the Archangelsk - Severodvinsk segment, the Promsvyazbank press center reports.

The construction of this segment is carried out as part of OJSC Gasprom's project to build a high-pressurized gas pipeline to the town of Mirny, the village of Plesetsk and the Plesetsk space-launch site. The pipeline is going to be more than 370 kilometers long with a projected capacity of more than 3,3 billion cubic meters of natural gas to be piped in one year.