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18 November 2009

Asters advising the European Bank for Reconstruction and Development on USD 27 million loan to finance the construction of the integrated logistics service centre in Ukraine

Asters acts as a legal counsel to the European Bank for Reconstruction and Development (EBRD) in connection with a USD 27 million loan provided to Euroterminal LLC to finance the construction of a logistics service centre on a 50-hectare land plot located in Odessa. According to the EBRD, the centre will provide several logistic functions which will support an integrated extension of the existing container handling facilities in the Odessa Sea Port. The logistics centre will consist of four main facilities: Customs Terminal, TIR Parking Lot, Internal Road, and Container Depot. EBRD funding will contribute to improvements in the efficiency of container handling operations and promote the development of the inland infrastructure in the Port of Odessa.

Asters’ banking and finance team working on this project includes partner Iryna Pokanay and associate Gabriel Aslanian.

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