KIEV, Nov. 12 – The European Bank for Reconstruction and Development will lend $125 million to the State Rail Transport Administration, also known as Ukrzaliznytsia, for the purchase of advanced cargo railway cars.
The decision was taken by the EBRD board of directors at a meeting on Tuesday, the EBRD's representative office told Interfax-Ukraine.
Loan documents are being currently prepared for signing. The total cost of the project is up to $441 million, reads the document. The European Investment Bank is expected to provide simultaneous debt financing.
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