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Sberbank of Russia

08/04/2021 | Press release | Distributed by Public on 08/04/2021 05:50

Sber and VEB.RF provide RUB 4.4 bn to Tolmachevo airport

Sber and VEB.RF have sent RUB 4.389 bn in the first tranches of a loan facility to finance the investment project called the Reconstruction of the Airport Complex for International and Domestic Airlines, which is being carried out at Tolmachevo airport in Novosibirsk.

This partnership is aligned with the Project Finance Factory framework. The syndicated loan will amount to a total of RUB 13.9 bn, of which Sberbank will provide RUB 10.9 bn. The total cost of the project is valued at RUB 17.4 bn.

Most recently, we announced our plans to finance the reconstruction of Tolmachevo airport and have already sent the first tranche to the client, of which Sber provided RUB 4.2 bn. It has been used to refinance the previously issued bridge loan issued to finance the initial reconstruction stage. We are pleased to support this essential project of one of the largest air hubs in Russia, which has the potential to become a development driver behind the region's economy.

Anatoly Popov

Deputy Chairman of the Executive Board, Sberbank

The reconstruction of the air terminal complex is part of a large-scale program for the development of the air hub. The new terminal is scheduled to be built by the third quarter of 2022. Having the floor area of 56,000 square meters, the terminal's annual capacity will be 10.6 million passengers.