VTB Bank will finance the primary investment projects of GAZ Group

VTB Bank will finance the primary investment projects of GAZ Group

Avtostat – VTB Bank and GAZ Group have signed five separate five-year term loan agreements with a total value of 6 billion rubles. The loans will be used in financing the important investment projects of the Group.

Light commercial vehicle production, formation of a new line of bus models, development of production lines for gas operated commercial vehicles, renewal of the model range of heavy tonnage vehicles, industrial partnership projects with international manufacturers and upgrading of components production are amongst these projects.

The Group Chairman Bo Anderson has highlighted the renewal of the product ranges according to the demands of the market, as a crucial factor, which should be taken into consideration by all manufacturers operating within the structure of the Group.

Tags: Gaz, GAZ Group