KYIV, Dec 10 – The First Ukrainian International Bank (FUIB, Kyiv) provided OKKO Group with a 10-year loan for the construction of the first stage of the GORO Mountain Resort recreational project, the cost of which is estimated at $1.5 billion, of which OKKO plans to finance $500 million from its own and credit funds, and $1 billion from other investors.

"The total budget for the ski infrastructure of the first stage of the project is $100 million, part of which is a loan from FUIB for a period of 10 years," the parties said in a joint press release.