OREANDA-NEWS. January 14, 2013.  The Bank of Moscow has extended a loan of 765 million roubles to OAO Mekhanizirovannaya colonna No. 62 (Krasnodar) for a term of two years. The purpose of the loan is refinancing of loans raised from other banks and replenishment of the company’s circulating assets.

OAO Mekhanizirovannaya colonna No. 62 engages in construction of above-ground road, bridges, tunnels and under-ground roads. The significance of the company’s activities has increased today in connection with the intensive preparations in the Krasnodar Region for the 2014 Olympic Games in Sochi, as well as implementation of the federal target programme "Development of Russia’s transport system (2010–2015)", in accordance with the priorities set by the Government of the Russian Federation. These entail active construction and reconstruction of a large number of roads of both federal and local significance. The company’s customers includes such organisations as FKU UPRDOR Kuban, MKU Sluzhba Zakazchika, State Company Russian Highways, and OAO Corporation Transstroy.

"Support for crucial regional enterprises constitutes a strategically important sphere of activity of the Bank of Moscow", comments Maxim Kokorin, Vice President and Director of the Bank of Moscow Department for Corporate Sales Management. "The Bank has gathered substantial experience of financing city core enterprises in the region of the capital. The Bank is prepared to roll-out its successful experience of implementing such projects to other regions in which it maintains a presence".

For information:
OAO Mekhkolonna No. 62 is one of the biggest highways industry organisations in the Krasnodar Territory an the Republic of Adygey, has a major fleet of domestically-made and foreign manufactured special construction equipment and highly-skilled construction, engineering and technical professional personnel for designing, performing laboratory testing of the road bed, soil and so on in compliance with licences held. The company’s experience allows it to fulfil construction and installation work of any complexity, in any region, and under any climatic conditions.