The European Bank for Reconstruction and Develpoment postponed its decision last year, and now decided upon majority positive decision.
Artem Chevalier, the EBRD member of the board and the former Deputy Minister of Finance of Ukraine, made the announcement on this loan facility.
The loan goes in parralell with IFC (International Finance Corporation) facilty. The funds will be channeled to construction of a grain terminal with a projected throughput capacity of 5mln tons of grain a year in the Yuzhny trading port. The project will be implemented in assosiation with Cargill. The total amount of the project cost stands at USD 130mln.
The project has many positive specifies such as the involvement of a transparent Ukrainian investor MV Cargo, participation of the multinational company of Cargill, as well reputable foreign financial institutions. For this ecological and energy effciency audits were part of the project to be completed.