Moscow Bank, the largest shareholder of which is VTB, issued a loan of 3.6 billion rubles to Transstroy for construction of an Olympic facility, Yuga.ru reports.
The bank also provided a guarantee of 8.8 billion rubles to Transstroy.
The main subject for construction is the central highway of Sochi, the Twin Resort Avenue, 127 km from the M-27 federal highway Jugba-Sochi. The project is being realized within the program for construction of Olympic facilities and development of Sochi as a ski-resort city.
The Transstroy Holding is one of Russia’s largest holdings, specialized in construction of transport infrastructure. This includes roads, bridges, railway lines, airports, sea and river ports, hydro facilities.
