OREANDA-NEWS. August 21, 2012. The Bank of Moscow had extended 650 million roubles in credit funds to OAO Gornoprokhodcheskikh rabot No. 1 for financing work on performing a state order, including construction of a Moscow metropolitan railway line, reported the press-centre of Bank of Moscow. 

Support for state programmes is a priority for the Bank of Moscow. "In the capital, the Bank of Moscow concentrates on infrastructure projects requiring substantial funds provided on a long-term basis", commented Igor Dubonosov, Vice-President, Director of the Department for Development of Municipal programmes of the Bank of Moscow.

"We have already accumulated considerable experience of implementing such projects. It may be said with confidence that, for market participants fulfilling state orders and major contractor organisations, the Bank of Moscow has become the main bank financing municipal programmes".

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OAO Gornoprokhodcheskikh rabot No. 1 was founded in 1932 and is the oldest underground construction enterprise both in Moscow and in Russia. It was responsible for such unique projects in Moscow as Tsaritsino Museum Reserve, Manezh Central Exhibition Hall, Okhotniy Ryad Retail Complex, and others.