Artem Chevalier, the EBRD member of the board and the former Deputy Minister of Finance of Ukraine, made the announcement on the 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 the projected throughput capacity of 5mln tons of grains a year in the Yuzhny trading port. The project will be implemented with Cargill. The total amount of the project cost stands at USD 130mln.
The project has many positive peculiarities such as involvement of a transparent Ukrainian investor MV Cargo, participation of the multinational company of Cargill, as well reputable foreign financial institutions. At this, ecological and energy effciency audits were part of the project to be completed.