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EBRD to issue US$25 mln loan to Astarta for infrastructure development
04.10.2017 19:51 "Agro Perspectiva" (Kyiv) —
The European Bank for Reconstruction and Development (EBRD) will provide a long-term secured loan of US$25 million to Astarta agroindustrial holding for construction and purchase of sugar and grain storage facilities, Interfax-Ukraine says referring to EBRD Senior Adviser Anton Usov report.
As to Usov, the corresponding project has passed all the necessary approval procedures in the bank.
«The project involves the construction and acquisition of six grain storage facilities with a total capacity of 480,000 tones and the construction of one sugar storage facility with a total storage capacity of 50,000 tonnes. The new storage facilities will be located in Poltava and Khmelnytsky regions,» the EBRD website report reads.
«All of the project components will be constructed on undeveloped land or the existing logistics sites. No additional land acquisition or resettlement is anticipated,» the document says.
As to the EBRD, the total cost of the project is estimated at US$83.1 million.
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