Odessa Terminal Holdco Ltd (OTHL) has secured a $37 million loan from the European Bank for Reconstruction and Development (EBRD) to boost box handling capacity.
The loan will see the EBRD gain a 5% share in OTHL which is co-owned by its operator the Brooklyn-Kiev group of companies and French carrier CMA CGM, said the Ukrainian National News Agency.
“The EBRD supports this important project for Ukraine, backed by a key international player in the container business and successful Ukrainian entrepreneurs,” said the EBRD's director for transport Sue Barrett.
“The project is in line with the bank's strategy for Ukraine, a key priority of which is improving efficiency and reliability of transport infrastructure.
“This the bank's first investment in a privately financed port facility in Ukraine and we are ready to support more private involvement in this sector bringing much needed expertise, capital and efficiency to modernise the country's infrastructure,” Barrett added.
The EBRD is said to be Ukraine's biggest financial investor, to the tune of some 4.3 billion euros through 179 projects as of July.
The loan will see the EBRD gain a 5% share in OTHL which is co-owned by its operator the Brooklyn-Kiev group of companies and French carrier CMA CGM, said the Ukrainian National News Agency.
“The EBRD supports this important project for Ukraine, backed by a key international player in the container business and successful Ukrainian entrepreneurs,” said the EBRD's director for transport Sue Barrett.
“The project is in line with the bank's strategy for Ukraine, a key priority of which is improving efficiency and reliability of transport infrastructure.
“This the bank's first investment in a privately financed port facility in Ukraine and we are ready to support more private involvement in this sector bringing much needed expertise, capital and efficiency to modernise the country's infrastructure,” Barrett added.
The EBRD is said to be Ukraine's biggest financial investor, to the tune of some 4.3 billion euros through 179 projects as of July.