Eximbank will Fund to Hyundai

Korea Eximbank has approved a $296 million loan for Hyundai Corporation to export electric rail cars to Ukraine as part of its ambitious $4 trillion railway modernization project.

January 11, 2011 6:52 am | Last Update: August 17, 2015 6:55 am

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.

TAGS: hyundai corp railway news, hyundai railway tenders, hyundai ukraine, ukraine high speed railway project, Ukraine railway projects

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