European Bank Loan for Russian Rail Group

25 July 2010 (Last Updated July 25th, 2010 18:30)

The European Bank for Reconstruction and Development (EBRD) has raised $200m for Russia's Brunswick Rail Group. The funds will be used to acquire over 5,000 rail cars, primarily gondolas, to meet the demands of the Russian rail freight market. The project may receive an addition

The European Bank for Reconstruction and Development (EBRD) has raised $200m for Russia's Brunswick Rail Group.

The funds will be used to acquire over 5,000 rail cars, primarily gondolas, to meet the demands of the Russian rail freight market.

The project may receive an additional $100m from another international financial institution in conjunction with the EBRD loan.

Brunswick owns over 12,500 railcars and is a privately owned provider of rolling stock under operating leases.

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