OREANDA-NEWS. The Bank of Moscow has opened a 12-month credit facility for SMS Metrostroya LLC to the tune of 100 million roubles for replenishing the company’s circulating assets.

Construction company Stroymechservice Metrostroya was founded in 2001 by Moscow Metrostroy on its own technical base for building the Moscow Metropolitan and fulfilling city construction orders. Its core business consists in leasing construction equipment, including special vehicles, together with service personnel, to construction companies and providing construction and installation services for various types retaining walls for construction pits, pile foundations, anchors for retaining walls, support walls, and the like.

In addition, SMS Metrostroya performs the full complex of earth works, from excavation to counterfilling. The company currently has a team of over 750 highly qualified specialists, more than 300 units of special vehicles and mechanisms and its own production base.

"The Bank of Moscow has for a long time been successfully financing projects in the urban construction sphere. The Bank of Moscow’s main function as the capital’s chief financial partner is to provide for continued implementation of the city’s economic and social programmes. This is an extremely important tasks for the Bank of Moscow", commented Igor Dubonosov, Vice-President of the Bank of Moscow.