OREANDA-NEWS. May 23, 2011. The Bank of Moscow granted a guarantee for RUR 8.8 bln and issued loan funds for RUR 3.6 bln to OJSC Transstroy Corporation. The main construction project is the Alternate Resort Prospect central highway of Sochi stretching from the 127th km of the M-27 Jubga-Sochi federal road to the Sochi roundabout point.

The project is implemented within the framework of the Program of the Olympic Facility Construction and Development of Sochi as a Mountain and Climatic Health Resort as set forth by the Governmental Decree 991 (clause 43) dd. 29.12.2007.

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Transstroy Holding is one of the leading holdings in Russia specialising in the construction of the transport infrastructure facilities, which include motor roads, bridges and overhead roads, railways, airports, sea and river ports and hydraulic constructions.

Over 100 major projects have been constructed over the last 10 years. They include reconstruction of the Moscow Ring Road, construction of the Third Transport Ring with a unique Lefortovsky tunnel, reconstruction and construction of Berezhkovsky, Kievsky and Andreevsky bridges in Moscow; flood protection structures in Saint Petersburg, oil-loading terminal in Primorsk and Ust-Luga trade port in Leningrad Region; Adler-Krasnaya Polyana motor road and Tuapse Port in Krasnodarsky Krai; railway to the Chineysky complex deposit in Chita Region, and upgrading of the Kazan, Pulkovo, Blagoveshcenks and Nalchik airports.