KIEV, April 7– The International Finance Corporation could provide a financing package of up to $80 million to Lviv-based Galnaftogaz. Galnaftogaz has financing requirements of $210 million over the next two years.
According to an IFC report, the total project cost is estimated at about $210 million, while the IFC's proposed investment is a financing package of $80 million, consisting of an A loan of up to $15 million and a C loan of up to $20 million both from IFC's own accounts, and a syndicated B loan of up to $45 million from other banks.
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