OREANDA-NEWS.  Bank of Moscow’s regional office in Perm set a loan documentary limit for Permdorstroy OJSC in amount of 1,380 mln. rubles for a period of 5 years. The loan was used for acquisition of fixed assets and financing entering into and executing government agreement on construction of Perm’s Eastern Bypass, 2nd stage of construction, section between 18th and 23th kilometers in Perm Krai, including availability of bank guarantees in amount of 376.1 mln. rubles to secure contractual liabilities.

Permdorstroy OJSC is part of Ucon Group CJSC, a largest operator of infrastructure development of the Urals region and is one of the leaders of road construction industry in Western Urals. Company has built over 3,000 km of motorways since it was established over 40 years ago, crossing Privolzhsky Federal Okrug (Perm Krai, Kirov and Novgorod Regions, Republics of Bashkortostan and Udmurtia), North-Western Federal District (Leningrad Region, Republics of Karelia and Komi), Far East Federal District (Republic of Saha).

At the present time Permdorstroy OJSC keeps implementing the following projects in Perm Krai: construction of federal motorway Perm-Ekaterinburg, construction of regional motorway Eastern Bypass, reconstruction of Cosmonauts’ Highway.

“One of the key areas is development of relationship with the companies engaged in construction of infrastructure facilities and their operation in Russian regions. We are happy that we are able to provide finance for Permdorstroy to execute its contracts of great significance for Perm Krai. Bank of Moscow is looking forward to further effective cooperation wtih Permdorstroy”, said Maksim Kokorin, Vice President of Bank of Moscow.

“In today’s business environment we find it important to have a strategic partner like Bank of Moscow: Promptness of decision-making and guaranteed performance of liabilities ensures realization of Ucon Group’s future projects.” We believe in maintaining the established business relationship and are looking forward to further development of cooperation to mutual benefit," said Vladimir Nelubin, Chairman of Board of Ucon Group.