Volga | Transport, logistics | Finance, business

RF loans Nizhny Novgorod $81.3m

23 Jul '09
Nizhny Novgorod Region has borrowed from federal coffers $81.3m for a regional transportation system, regional officials reported today.

Under plans, $68.8m of the amount will be used to continue construction of a combined train-and-auto metro bridge across the Volga in the city of Nizhny Novgorod.

The three-year loan has been reportedly issued at one-fourth of the Bank of Russias refinancing rate.
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