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Vneshtorgbank wins $380 mln lease tender with Russian Railways

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MOSCOW, June 7 (RIA Novosti) - Vneshtorgbank has won a tender worth 10.1 billion rubles ($380 mln) to lease trains and freight cars to Russian railroad monopoly Russian Railways (RZD), the state-run foreign trade bank said Wednesday.

Under a deal for six and a half years between RZD and Vneshtorgbank subsidiary VTB-Leasing, which won tender, the company will buy trains and cars from manufacturers and lease them to RZD. Related contracts are expected to be signed in the next three months.

"Vneshtorgbank is planning to bid in other tenders for new leasing deals with RZD," the company said.

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