Dentons advises The Black Sea Trade and Development Bank on financing of the first port concession project in Russia
Dentons has advised The Black Sea Trade and Development Bank (BSTDB) on extending a US$69 million loan to the Russian State Transport Leasing Company (STLC) to finance the construction of the Lavna Coal Transshipment Terminal at the Murmansk sea port. The loan agreement was signed by BSTDB President Dmitry Pankin and STLC Director General Sergey Khramagin in the presence of Prime Minister Dmitry Medvedev at the Russian Investment Forum in Sochi.
The BSTDB loan is the Bank's largest investment in Russian infrastructure development to date.