The Bank provided preferential financing to Tver Excavator (TVEX) for 6.1 billion rubles under the state program to support Russian enterprises that produce priority industrial products.

The project is designed for 7 years, and the preferential rate was 7.8% per annum.

Receiving the first tranche on preferential terms from the ICD gave a powerful impetus to the further development of the plant. TVEX produces modern tractors and excavators that are in demand in the road construction market.

The company’s equipment is used for the construction of houses, roads, street improvement, when laying new routes, pipelines and other infrastructure facilities.

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