Leningrad Region government to provide guarantee on $25 million credit to be granted for Ust-Luga port development

Leningrad Region government is going to provide guarantee on $25 million credit for Ust-Luga port development, Grigory Dvas, vice governor of the region told journalists, PRIME-TASS reports. According to Dvas, the borrower is Russian JSC incorporating large companies. The credit is to be granted on a competitive basis. The competition is planned to be announced in December. Dvas says Leningrad Region government will guarantee the credit having disclosed no other details.