EBRD agrees to K2R4 funding

30 November 2001

The European Bank for Reconstruction and Development (EBRD) is ready to grant Ukraine a credit of $215 million to complete the construction of two units at Rovno and Khmelnitsky nuclear plants, as soon as it receives written agreement from credit-export agencies, particularly in the US, France and Spain.

EBRD president Jean Lemierre has recommended that the bank's board of directors confirm the approval it gave to a loan last year. The EBRD said that the conditions attached to the loan approval "have now been met".

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