EBRD to grant a $27 mln credit to Yugreftransflot (Ukraine)

The Board of Directors of the European Bank for Reconstruction and Development has approved a decision to grant a $27 mln credit to Ukrainean shipping company Yugreftransflot (Sevastopol, Krimea), Interfax reports according to RZD-Partner. According to Anton Usov, press secretary of EBRD’s Kiev representative office, this decision was taken at the meeting of the Bank’s Board of Directors held October 18. The Yugreftransflot project is estimated to cost $57 million. EBRD credit is taken for partial financing of construction and purchase of five dry cargo ships.