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The World Bank’s Board of Executive Directors approved an Additional Financing loan to Ukraine in the amount of USD 150 million for the Second Export Development Project (EDP2) 30.08.2011

The World Bank’s Board of Executive Directors approved an Additional Financing loan to Ukraine in the amount of US$150 million for the Second Export Development Project (EDP 2).The project supports export and real sector growth in Ukraine by providing medium and long-term investment and working capital finance to Ukrainian private exporting enterprises. The project also aims to further improve the ability of the Ukrainian banking sector to intermediate financial resources to the enterprise sector by providing a wider variety of better quality lending products.

“Ukraine needs more competitive and diversified exports to sustain economic growth in these volatile global times. This project was a key source of financing for exporters during the crisis. By providing additional financing now, we hope to extend its impact into a lasting recovery,” said Martin Raiser, World Bank Country Director for Ukraine, Belarus and Moldova.

The Additional Financing loan will supplement the existing EDP2 credit line and will extend the EDP2 project implementation through the end of 2014. 

EDP 2, approved in 2006, is a successor to the previously successful EDP 1 project (1996-2003). The borrower and the main implementation agency remains the State Export-Import Bank of Ukraine (Ukreximbank). Of the US$ 150 million Additional Financing loan provided by the World Bank, US$ 45 million will be used by Ukreximbank for direct financing of its exporting clients, while US$ 105 million will be used for lending by Ukreximbank to eligible financial intermediaries for their further on-lending to Ukrainian exporters.

The loan will be provided to Ukreximbank as a LIBOR-based flexible variable spread loan repayable in 30 years, including a 6-year grace period, and will be provided a state guarantee by Ukraine. 

Since Ukraine joined the World Bank in 1992, World Bank commitments to the country total about US$ 7 billion for 39 projects and programs.

http://web.worldbank.org/


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For investors: new entry
Novokahovskyi Lime-Sand Brick Plant

Purposes of company: Investments
Company description:

Market Overview:  Construction volume is increasing 20-25% annually, creating an increased demand for high quality façade bricks. The industrial capacity of façade bricks is estimated at 200 million bricks per year. In 2006, a construction boom is expected in southern Ukraine, where the plant is located. The product is used mainly by construction companies and private companies.

Project Overview:

  • Using KSE-400 (Germany)
  • Equipment supplier offers trainings for the buyer’s staff
  • Can produce 30 million bricks per year including high quality hollow façade bricks, ordinary bricks, molded bricks, white and colored bricks

Competitive Advantages:

  • Production of lime-sand bricks is considerably more energy efficient than the production of ceramic bricks. Moreover, the project envisions the reconstruction of one of the two pit-type 50-ton lime-burning kilns; using coal, automatic blending, loading, and burning will save on gas
  • Plant produces its own lime; a sand-pit is located close to the plant
  • No high quality lime-sand hollow bricks are produced in southern Ukraine
  • Due to the considerable decrease in the weight of the bricks, delivery and transportation becomes much easier; bricks can be transported by auto, railway (via the plant’s rail track), or by water (a river port is 8 km away)
    Investment Project Progress:  Market research has been conducted

Key Financials:

  • Total Investment - € 1.5 mln
  • Investment Needed - € 1.5 mln
  • Payoff period - 5 years

Branch: Construction materials
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Purposes of company: Investments
Company description:   
Branch: Construction materials
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For Buyers: new entry


Purposes of company: Export
Company description:  
Branch: Construction materials
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Purposes of company: Distribution
Branch: Furniture
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