OREANDA-NEWS. January 16, 2014. Sviaz-Bank (Vnesheconombank Group) and RRW Station Development, OJSC, entered into an open-ended agreement on strategic cooperation.

The agreement is aimed at committing the Bank to provide funds to finance the company’s investment projects to develop railroad stations in Moscow and other Russian regions included in the RRW OJSC system.

Financial support for the RRW Station Development projects by the Bank will be offered, in particular, for providing payment and information services, establishing a shared information environment in station infrastructure, and offering commercial and Internet acquiring services, and at setting up operations desks, automated teller machines and terminals at railroad stations.

In addition, the Bank will offer the company and its subsidiaries a full range of banking products and services, including retail, corporate investment, and wage payment projects, settlement and cash handling services, remote banking, issue of guarantees, support for investment transactions, risk hedging, conversion operations, and so on.

RRW Station Development OJSC was established in 2009 and is a member of the RRW Group of Companies, OJSC.