Vnesheconombank commits investment in Moscow metro carriages from the National Wealth Fund

Vnesheconombank has opened a facility to Transholdleasing to finance the purchase of new metro carriages to be leased to the Moscow Metro under a lifecycle contract. The first tranche was provided from the deposit placed by the National Wealth Fund (NWF) with Vnesheconombank.

Photo provided by the Moscow Metro’s press office

The investment will enable the supply of 768 Metrovagonmash underground carriages (the newest 81-765/766/767 series carriages, model Moscow) in 2017 - 2020 that will form 96 trains. The total investment from the National Wealth Fund will amount to RUB38.3bn. The invested funds are expected to be paid back before the end of 2035.

Arranging for the inflow of investments into infrastructure projects, including the Russian metro infrastructure development project, is a top priority objective for VEB according to its new strategy. In 2017, VEB financed the supply of 664 carriages, similarly under a lifecycle contract. The procurement and lease projects for lifecycle lease of carriages to Moscow Metro are financed by borrowing funds from the Russian National Wealth Fund.

The new metro project is a part of the Moscow municipal authorities programme for replacement of old trains used at the existing Moscow Metro lines. The purpose of the project is to enhance the Moscow metro infrastructure and so boost the passenger service level and make high-quality services available to people. First carriages developed by Metrovagonmash to meet the Moscow Metro needs have been delivered and introduced on trains on the Tagansko-Krasnopresnenskaya line.

Press Office