Gazprombank in April bought the bonds at the expense of the National Welfare Fund “Avtodor” – RIA Novosti

MOSCOW, May 6 – RIA Novosti / Prime. in April, Gazprombank bought at the expense of the National Welfare Fund (NWF) bonds the state company “Avtodor” to 21.73 billion rubles to finance the project for the construction of the Central Ring Road (CRR), the Finance Ministry said in a statement.

“Highways” in April placed 27-year bonds at 21.7 billion rubles. They were to be redeemed at the expense of the National Welfare Fund.

“In April 2015 the Bank GPB (JSC) carried out at the expense of the National Welfare Fund, raised on subordinated debt, the purchase of bonds the state company” Avtodor “aggregate nominal amount of 21.73 billion rubles to finance the infrastructure project “Central Ring Road” – said in a statement the Ministry of Finance on Wednesday.

According to the release, in April 2015 in the amount of NWF 38.43 billion rubles were placed on subordinated deposit Gazprombank returning in December 2042 and accrued interest.

In particular, in the amount of 21.73 billion rubles, the interest accrued at the rate of inflation in Russia, an increase of 1% per annum, but not less than 1% per annum. Interest is payable annually from 2022 until 2022 and the capitalized interest is calculated.

CRR – priority infrastructure project, which is implemented on the principles of public-private partnerships for infrastructure development of the Moscow region.

What is known CRR

Central Ring Road (CRR) – a large-scale project to develop infrastructure of the Moscow region. The new road will form the basis of high-speed road network across Central Russia. Implementation of the project will solve the main Ring Road transport, social and economic objectives. CRR relieve the city vyletnyh line (the ones that have continued in Moscow) and the Moscow Ring Road on the transit of goods. Read more in reference to RIA Novosti & gt; & gt;