Bank News

RBD has financed purchase and modernization of a sea train/vehicle ferry complex «Baltiysk»

20 Июля 2006

Within the framework of the Federal Targeted Program «Modernization of the Russian Transport System (2002-2010) » RBD has completed financing purchase and modernization of a sea train/vehicle ferry complex «Baltiysk» (formerly «RIDER»).

On July 20, 2006 the ferry came to Baltiysk, the Kaliningrad Oblast, where railway cars’ trial roll on the ferry was successfully carried out. Ministers of transport of Russia, Belorussia and Estonia attended the event. «Baltiysk» will provide cargo transportation along the route Ust-Luga (The Leningrad Oblast) – Baltiysk (the Kaliningrad Oblast), not entering into the Baltic States. FGUP «Rosmorport» will be operator of the ferry.

The total RBD’s financing amounted to Euro 18.4 million, maturity - August 2011.

OAO «Russian Bank for Development»
Public Relations Department
Tel/fax: (495) 783-79-16

OAO «Russian Bank for Development» (RBD) was established in 1999 pursuant to Decree of the Government of the Russian Federation No. 391-r dated March 10, 1999 and Federal Law "On the Federal Budget for 1999" as a national development bank. The Bank’s core business is to provide long-term loan based funding to projects in priority sectors of the national economy. It is 100% owned by the Government of the Russian Federation through the Russian Federal Property Fund. The Bank’s charter capital is RUR 4.66 billion. RBD was assigned the highest for the Russian banks international credit ratings - Standard & Poor's (BВВ-, outlook stable) and Moody's Investors Service (Baa2, outlook stable). 

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