Eximbank will Fund to Hyundai

11 January 2011 Tuesday, 06:52

Korea Eximbank has agreed a loan of $296m to Hyundai Corporation for a project involving the export of high-speed electric rail cars to Ukraine.

The project is the first step of Ukraine’s $4tn project for railway modernisation, which aims to introduce 1,500 high-speed rail cars over the next ten years.
Hyundai Corporation, the exporter, and Hyundai Rotem, the manufacturer, won the contract.

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