OREANDA-NEWS. April 15, 2008. The Bank of Moscow opened three letters of credit to the Business Alliance leasing company totaling 1.3 bln. rubles for the purchase of imported power engineering equipment required to build the second stage of the Sochi thermal power station — a major construction project of the Olympic Games infrastructure.

"The transaction is an example of the role played by the Bank of Moscow in organizing funding of large federal-level infrastructure projects, one of them, is no doubt the Sochi thermal power station," said Igor Doubonossov, Director General for the Department of corporate and investment business of the Bank of Moscow. "The financing structure as suggested by the Bank of Moscow to purchase equipment turned out to be much more efficient than those of its competitors".