Overview
A 193,500,000 contract for the provision of a revolving credit line has been finalised by Novosibirsk City Hall's Department of Financial and Tax Policy and Alfa-Bank. The agreement, which was reached on December 8, 2025, will support the city's budget management and financial flexibility initiatives until December 8, 2030.
Details of the Contract
The agreement gives the city of Novosibirsk access to revolving credit worth up to ₽200 million, which is determined by a floating interest rate. Transparent and effective financial management will be ensured by adjusting payments based on daily loan balances. This credit facility did not require guarantees from banks or the Treasury.
Over the course of five years, the credit line, which will be executed at 34 Krasny Avenue in Novosibirsk, will cover a variety of municipal financial needs. In order to ensure accountability in repayment schedules, the contract also specifies withholding measures for unfulfilled obligations or penalties.
Organisations Involved
The Novosibirsk branch of JSC Alfa-Bank, a prominent private financial organisation in Russia renowned for offering corporate banking solutions, credit lines, and liquidity support, was given the contract. In accordance with Federal Law No. 44-FZ, an electronic auction was used for the procurement, ensuring an open and competitive selection procedure.
Importance of the Agreement
A strategic tool for Novosibirsk's municipal financial planning, this revolving credit facility enables the city to fund important projects, manage short-term liquidity needs, and preserve operational effectiveness. The city's public sector financial resilience is strengthened by negotiating advantageous terms with Alfa-Bank, allowing for timely infrastructure development and service delivery.
Concerning Alfa-Bank
One of the biggest private banks in Russia, Alfa-Bank provides a wide range of corporate and individual banking services, such as investment products, loans, and treasury solutions. It is a favoured partner for government financial operations due to its proficiency in managing corporate and municipal credit facilities.
In conclusion
The creation of this revolving credit line will help Novosibirsk City Hall support ongoing municipal services and important projects throughout the city while also improving budgetary efficiency and fiscal stability. The growing trend of public-private financial partnerships in Russian urban governance is highlighted by this partnership.
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