EBRD to finance construction of new terminal in Odessa seaport

Yesterday the European Bank for Reconstruction and Development announced that it will grant an up to EUR 28 mln loan to finance construction of a new container terminal in Odessa seaport. The EBRD will also acquire an up to 5% stake in Odessa Terminal Holdco Ltd., the subsidiary of which, Brooklyn-Kyiv Port, will be an operator of the new terminal. Brooklyn-Kyiv Port is one of the largest stevedore companies in Ukraine that transships metals & mining and agriculture products. The company handled 4.74 mln mt of goods in 2008.