EBRD considers loaning Lviv up to EUR 100 mln
14 January 2009
The European Bank for Reconstruction and Development is considering a loan of up to EUR 100 mln (about USD 133 mln) to the city of Lviv for infrastructure projects ahead of the European Football Championship in 2012, City Head Andriy Sadovyi said yesterday, according to Interfax. Sadovyi said the loan could be drawn at LIBOR+2%. In mid-January EBRD officials are due to visit Lviv and Sadovyi says an agreement could be inked by the end of spring.
