Urals | Finance, business | Energy, utilities

VEB to loan $235m to Kurgan region on heat mains

11 Jun '10
Authorities in Kurgan region are to take out a $235m loan with state-run Vnesheconombank (VEB), regional officials report.

The funds are reportedly to be loaned for 12 years, the interest rate has yet to be disclosed.

Under plans, the funds are to be invested into modernization of heat main systems in 2010-2015.
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Locations: Kurganskaya oblast

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