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JSC Georgian Railway (38IR)

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Thursday 14 July, 2016

JSC Georgian Railway

Purchase of passenger trains with export financing

RNS Number : 2383E
JSC Georgian Railway
14 July 2016
 

Georgian Railway JSC has just signed a contract for acquisition of 4 passenger double-deck trains - Stadler Kiss. 2 trains were already delivered and after successful completion of testing program the Company plans to commission them in July 2016. The acquisition is financed through Export Credit facility. For the first two trains the loan facility will total USD 24,495 million, with the term of the loan of 10 years. In 2017 the remaining 2 trains are expected to be bought with the same financing scheme and loan amount.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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