Odessa Railways accumulates debts

The state-run enterprise Odessa railways has announced a tender to attract a long-term credit worth UAH 192.5 Million (EUR 19 Million).

The report says that the documents for the participation in the tender can be submitted by June 2, 2012. The tender includes 19 lots. The enterprise intends to raise the funds for three years.

At the end of April, Odessa Railways announced the contracting of another credit of over UAH 244 Million (EUR 24 Million) from four banks, for the refinancing and completion of the work capital.

Source: post-operatively

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