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VTB Bank participates in Krasnoyarsk water supply and sewerage development program

19 March 2010

On 4 March 2010, VTB Branch in Krasnoyarsk and JSC Krasnoyarsk Housing and Public Utilities Complex (JSC KrasKom) entered into the first RUB 100 million facility agreement. The agreement is signed for a 1.3-year term and is aimed at financing the Krasnoyarsk sewage collector construction project with the total cost exceeding RUB 617 million.
“The project is implemented under the 2007-2012 Krasnoyarsk water supply and sewerage development program, approved by the members of the City council”, said Valery Lukyanenko, member of VTB Bank Management Board. VTB Bank’s participation in financing the project will ensure timely completion of collector construction to enhance the capacity of the sewer system located on the left bank of the city, in view of extra sewage from facilities under construction or renovation on the left bank of Krasnoyarsk.

For reference:
JSC KrasKom is the largest public utility of Krasnoyarsk with almost a 100% market share in local water supply and sewerage and about 10% in energy and heat production.

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