KIEV, Nov. 12 - The European Bank for Reconstruction and Development will provide up to $40 million to GN Terminal Enterprises Ltd. (Cyprus), which belongs to the GNT group, to finance the expansion of the existing grain terminal at Odessa port.

EBRD Senior Adviser for External Affairs Anton Usov told Interfax-Ukraine that the decision was made by the bank's board on November 11.

He said that the credit agreement will be signed in December 2015.