Financed ProjectsPort of Iliychevsk

Identification Code:

OP/00/0153

Total Operation Cost:

27.748.000

Maturity:

84 months

Operation Status:

Description and Purpose of the Operation:

The Project facilitated the development of the grain terminal into a modern and efficient grain handling facility. BSTDB financing increased the capacity and efficiency of the Ukrainian ports and improved commodity flows through the Black Sea.

Countries of Operation:

Ukraine (100,00 %)

Financial Product:

Loans

Sector:

Industrials

Domain:

Private

Borrower/Client:

The Port of Ilychevsk, situated at 25 kilometres southwest of Odessa, is one of the major Ukrainian harbors on the Black Sea.

Co-Financiers/Participants:

Cyprus Popular Bank, Nicosia, Cyrpus

Guarantors/Sponsors:

East Agro Investment - a group of international investors who have established long-term investment interests in Ukraine's agriculture and infrastructure sectors.

Developmental and Regional Cooperation Impact:

The operation contributed to the improvement of an important element of transport and international trade infrastructure on the Black Sea. It has also contributed to expanding exports from Ukraine. The Operation has generate considerable employment impact.

Environmental Classification and Impact (summary):

An EAP has been provided in accordance with BSTDB's environmental policy.

Operation Leader:

General Industries, Transport, Tourism 1

E-mail:

gitt1@bstdb.org