In recent years Ukraine has become an increasingly important player on the global grain market, however there is a shortage of deep water port capacity in the country. The European Bank for Reconstruction and Development (EBRD) has agreed to provide a loan of $60 million to Brooklyn-Kiev, a private Ukrainian company which is developing a grain terminal at the Port of Odessa through a joint venture with Louis Dreyfus Commodities that will have a capacity of 4.5 million tons of grain. The EBRD is the single biggest investor in Ukraine and this investment will strengthen Odessa’s position as a major grain hub. The EBRD expects to invest approximately €1 billion in Ukraine in 2014, and has already invested €500 million since February.
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