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European Bank of Reconstruction and Development (EBRD) approved a $37M senior secured loan to MV Cargo Ltd to finance a greenfield development of a new state-of-the-art private grain terminal in the Port of Yuzhny with an annual throughput capacity of up to 5.0 million tonnes of grain.

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MV Cargo will implement the project in partnership with Cargill, one of the largest providers of food, agricultural, financial and industrial products and services in the world, and the Ukrainian Sea Ports Authority, a state enterprise responsible for supervising the functioning, maintenance and development of the Ukrainian seaports and their infrastructure. EBRD Finance Support for the whole project totals to $150 mln.

The project is planned to be co-financed by International Finance Corporation (IFC) that would provide a parallel loan in the amount of up to US$ 37.0 million to MV Cargo.