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GTLK will borrow more than 4,3 billion rubles from FRDV for construction of two ferries for Sakhalin - EastRussia | Far East

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ГТЛК will borrow from ФРДВ more than 4,3 billion rbl. for the construction of two ferries for Sakhalin

The Development Fund for the Far East and the Baikal Region (FEDV, VEB structure) will provide PJSC State Transport Leasing Company (GTLK) with a loan of up to 4 billion 328 million rubles needed to finance the construction of two road-rail ferries, the GTLK said. An agreement on this was concluded within the framework of the Third Eastern Economic Forum (WEF-2017) held last week in Vladivostok, the document was signed by the general director of the State Treasury Group Sergey Khramagin and the head of the FDRV Alexey Chekunkov.

Ferries are built for operation on the line Vanino-Kholmsk. "The signing of the contract with the FRG is the second stage of financing the investment project for the construction of ferries on the line Vanino-Kholmsk. The new ferries will connect Sakhalin Island with the mainland part of Russia by road and rail, increasing transport accessibility for residents of the Far East, "Mr. Khramagin said in a statement. It is reported that the loan will be granted for up to 10 years with an obligation to extend to 25 years, subject to compliance with the agreed covenants and conditions.

As it was reported, at the end of last year GTLK signed a contract for the construction of ferries with the Amur Shipyard (ASZ, Komsomolsk-on-Amur, is a member of the United Shipbuilding Corporation). The price of the contract is 9,8 billion rubles, the term of manufacturing the order is three years. Earlier, the government of the Russian Federation increased the authorized capital of PJSC "GTLK" for the implementation of this project at 5 billion 544 million rubles.