Last Updated September 01, 2009
The EBRD has lent US$37mn to the company developing a new container terminal in Ukraine’s largest port.
Odessa Terminal Holdco is developing the project, alongside its subsidiary Brooklyn-Kiev Port, which will operate the terminal at Odessa. The loan will let the companies increase the number of containers the terminal can handle and, they hope, encourage private-sector investment in the country’s port infrastructure.
In addition to the loan, the EBRD is acquiring a 5% stake in Odessa Terminal Holdco, which is owned by French container shipping group CMA-CGM.
Including this loan, the EBRD has now invested €700mn (US$1bn) in the Ukrainian transport infrastructure sector.
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