OREANDA-NEWS. Saint Petersburg branch of the Bank of Moscow has raised the lending ceiling of the extended facility to 4.45 billion RUR for OAO Mostostroy No. 6, one of the largest infrastructure builders operating both in the sphere of road construction and in the field of industrial and civil construction.

The raised limit is aimed at the company’s contract financing and current activity financing, loans for paying retainers (security deposits) to support applications for participation in auctions/bids, quick provision of bid bonds, advance return guarantees, guarantees to secure performance under contracts, etc.

ОАО Mostostroy No. 6 is a major infrastructure, industrial and civil builder with 65 years of experience in successful operation both in Russia and abroad. The company offers a complete complex of construction, reconstruction and overhaul work in the sphere of railway and highway bridges, crossovers and overhead roads, hydro-technical structures, building of industrial and civil purpose sites, atomic and heat power sites.

"The Bank of Moscow actively develops co-operation with infrastructure companies and lay a special emphasis on crediting the representative of this sector of economy in the Russian regions", commented Eugeny Monin, Director of the Corporate Sales Management Department. "Experience gained by the Bank of Moscow in this sphere, numerous examples of efficient co-operation with regional companies all across the country, and a never-ending improvement of bank services and products give Russian enterprises a tangible urge for further development".

"The Bank is a strategic financial partner of our company. The raised lending ceiling confirms its high level of trust in our company and a positive assessment of our financial results. We aim at increasing the volumes of our work in the industrial and civil construction sector and the lending ceiling provided by the Bank of Moscow makes much simpler the procedures connection with the fulfilment of government contracts" added Dmitry Tyurin, Deputy Chairman of the Board of Directors of OAO Mostostroy No. 6.