EBRD set to finance prolonging of Odessa-Brody pipeline

Feb 19, 2004 01:00 AM

The European Bank for Reconstruction and Development (EBRD) is willing to participate in providing funds for prolonging the Odessa-Brody oil pipeline up to the Polish cities of Plock and Gdansk.
According to Ukrainian Prime Minister Viktor Yanukovich, "Ukraine and the EBRD have almost reached an agreement on financing the Brody-Plock-Gdansk pipeline".

An international consortium for implementing the project totalling about $ 500 mm will be established in the first half of this year.
Earlier, Polish President Alexander Kwasniewski after holding talks with his Ukrainian counterpart Leonid Kuchma announced the intention of governments of Kazakhstan, Azerbaijan, Ukraine, Russia, Poland and the EU to conduct a related meeting.

Source: RosBusinessConsulting
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