Sviaz-Bank to Open RUB 1.5 bn Credit Line to Dalmostostroy
OREANDA-NEWS. December 21, 2011. Sviaz-Bank will make a loan in the form of a nonrevolving credit line with a drawdown limit of 1.5billion rubles for a term of one year to Dalmostostroy OJSC. The borrower will use the loan funds to refinance its current liabilities and finance its core business operations, reported the press-centre of Sviaz-Bank.
Dalmostostroy OJSC is one of the biggest bridge building companies in the Russian Far East and is a member of the Group E4. Over its 40 years in the building business the company has built or repaired more than 1,230 bridges.
It puts up artificial structures on federal and territorial highways, builds highway crossroads, offshore and berthing facilities, embankments and retaining walls, and lays foundations of all types.
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