Russia’s Alfa-Bank will provide 70 billion rubles (945 million euros) for the consolidation of the country’s freight rail car fleet, according to “Vedomosti”, citing several sources.
From the loan, leasing company TransFin-M will receive 56 billion rubles (756 million euros) to buy UVZ-Logistic, a unit of railway equipment and tank maker Uralvagonzavod (UVZ).
The bank is also ready to provide 14 billion rubles (189 million euros) to State Transport Leasing Company (STLC) to buy 7,600 innovation low-sided cars from UVZ.
UVZ-Logistic’s fleet included 38,400 rail cars as of October 2015.
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