01 July 2008, 11:06
The Bill on ratification of the Guarantee Agreement (Reg. No. 0055), submitted by V.Yushchenko, President of Ukraine, 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".
The investment project relates to the basic components of infrastructure (wharfs) and reloading equipment.
The People´s Deputies stated that implementation of the Project does not require funds from the State Budget of Ukraine. Estimated cost of the Project "Development of the Infrastructure of Illichivsk Trade Sea Port" 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).
Ratification of the Agreement will create favourable conditions for the development of the State Enterprise "Illichivsk Trade Sea Port", and enhancement of its functioning.