Gazprombank loans 930 million rubles for Zvezda shipbuilder

Gazprombank has opened a 2-year line of credit at amount of 930 million rubles for Far East Plant “Zvezda” (Bolshoy Kamen, Primorsky Territory). The funds intended for financing the cost of government contracts, the bank statement said. “Zvezda" has been a construction site for the largest shipyard in the Far East. On its dockyards VLCC, 300.000 DWT ships will be built. Russia's government had planed to invest $1 billion in the construction of the shipyard.
Gas carriers, tankers, floating plants producing LNG, vessels for exploration of minerals built at the dockyard will be exporting Russia's oil and gas industry commodities. A ceremony for the new shipyard in Primorsky Territory was held in November 2009. Far Eastern Center of Shipbuilding and Ship repair holds 88.7% of the company shares.