The Agreement is aimed at formation of necessary legal prerequisites, so that the European Bank for Reconstruction and Development could issue a loan for the enhancement of infrastructure of the State Enterprise "Illichivsk Trade Sea Port".
Estimated cost of the Project totals 38,9 million Euro. Its implementation envisages a loan from the EBRD in the amount of 26 million Euro and use of internal funds of the State Enterprise "Illichivsk Trade Sea Port" (12,9 million Euro).
A loan of the EBRD will be allocated for funding of construction, supply of technological equipment and special machines, consulting services.
A loan is issued for 15 years, and grace period for capital repayments (3,5) starts from the day the Loan Agreement is signed.
A relevant Bill (Reg. No.0055) is registered at The Verkhovna Rada of Ukraine.