IBEC Has Won the Tender to Finance Reconstruction of the International Airport in Bashkiria.
The International Bank for Economic Co-operation has submitted the best offer for opening of non-revolving credit facility for financing of investment expenditures under the project of reconstruction to be performed by JSC Ufa International Airport.
The agreement provides for opening of a credit facility in the amount of 1 billion RUB with a maturity in 10 years.
Implementation support of infrastructure projects in the IBEC’s member countries is one of the Bank’s business priorities.
Ms. N.A. Kochetova, Deputy General Director for Economics and Finance of JSC Ufa International Airport, has noted, “Involvement of the reliable bank having international experience in infrastructure project implementation will enable the airport to ensure timely project financing and minimum debt service expenses.”