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OTP LEASING WILL FINANCE 266 DNIPROVAHONMASH GRAIN CARRIERS FOR TAS GROUP FOR $9.5 MLN

KYIV. Dec 5 (Interfax-Ukraine) – TAS Financial and Industrial Group, whose founder and major shareholder is Sergiy Tigipko, has signed a contract with OTP Leasing for the supply of 266 hopper cars for grain transportation produced by PJSC Dniprovahonmash (Dnipropetrovsk region) to Western (Zakhidny) Trading House LLC (both are part of TAS Group) for a total of $9.5 million.
According to a report on the website of OTP Leasing, the transfer of cars will take place in December.
OTP Leasing said in 2017 it will be the second large transaction implemented by the company in the framework of the rolling stock financing program.
According to OTP Leasing CEO Andriy Pavlushin, the freight car leasing market continues to develop actively, which is caused, among other things, by the writing-off of old Ukrzaliznytsia wagons.
“The current production capacity of Dniprovahonmash is fully loaded with orders from private companies. The current production program is at least 100 cars a month. The company is actively developing new models of freight rolling stock, and is also constantly working on improving the existing wagons,” Tigipko said.
According to him, Dniprovahonmash actively cooperates with OTP Leasing and TAScombank: a number of successful projects have been jointly implemented.

EBRD WILL ISSUE EUR160 MLN TO KHARKIV TO EXTEND THIRD SUBWAY LINE

KYIV. Dec 4 (Interfax-Ukraine) – The European Bank for Reconstruction and Development (EBRD) will provide Ukraine with a EUR 160 million loan for the extension of the “green” subway line in Kharkiv.
According to the announcement posted on the bank’s website, the bank board of directors approved this project on November 29 this year.
The EBRD said the European Investment Bank (EIB) will provide co-financing of the same amount in the form of a sovereign loan, which it approved in September.
According to the materials of these international banks, Bernard Ingenieure ZT GmbH, under the contract with the EBRD, developed a feasibility study of the Kharkiv Metro expansion project, involving enterprise with foreign investments Tebodin Ukraine in due diligence.
The project provides for the extension of the “green” metro line in Kharkiv by 3.47 km towards the airport, the construction of two metro stations Derzhavynska and Odeska, the construction of depots and the purchase of 85 rolling stock units.
It is assumed that both stations and the section from the existing tunnels to the Derzhavynska station (959 meters) will be built in an “open way,” while the tunnels between the new stations (2,514 meters) will be built with the help of a tunneling complex.

TOTAL INDEX OF AGRICULTURAL PRODUCTION COSTS IN UKRAINE COMES TO 102.1% IN OCT – STATISTICS

KYIV. Dec 4 (Interfax-Ukraine) – The level of the aggregate index of costs for agricultural production in Ukraine (excluding the temporarily occupied territories of Crimea and Sevastopol, the ATO zone) in October 2017 was 102.1% from September of the same year.
According to the State Statistics Service of Ukraine, in January-October this year the corresponding index was 122.2% compared to the same period in 2016.
The index of costs for crop production in January-October 2017 amounted to 123.4%, livestock production some 118.6% compared to the same period in 2016.
The index of prices for material and technical resources of industrial origin used in agriculture in January-October this year amounted to 125.8% compared with the same period in 2016.

EBRD WILL ISSUE EUR 25 MLN TO MHP FOR BUILDING BIOGAS PLANT

KYIV. Dec 4 (Interfax-Ukraine) – The European Bank for Reconstruction and Development (EBRD) will issue a loan of EUR 25 million to Myronivsky Hliboproduct (MHP) for the construction of a 10 MW biogas plant in Vinnytsia region.
According to a report on the bank’s website, the bank’s board of directors approved the corresponding project on November 29.
This project will support MHP’s strategy to increase energy efficiency and improve the environmental impact on the environment, the EBRD said.
The total cost of the project is estimated at EUR 27 million.
The construction of a biogas plant is aimed at using the waste of the existing poultry facilities in Vinnytsia region to produce biogas, which will be used as an alternative energy source thanks to modern technologies.
As a result, it is expected to reduce greenhouse gas emissions by the equivalent of 85,500 tonnes of carbon dioxide a year.
Myronivsky Hliboproduct is the largest poultry producer in Ukraine. It is also engaged in production of cereals, sunflower oil, and meat.

ENERGOMARKET OPENS UAH 2 BLN CREDIT LINE IN OSCHADBANK

KYIV. Dec 4 (Interfax-Ukraine) – State-owned enterprise Energomarket has opened a closed-end credit line with a limit of UAH 2 billion in Oschadbank (Kyiv).
The electricity wholesale market operator said in the ProZorro e-procurement system that the agreement was signed on November 30, 2017.
The cost of the financing is UAH 379.6 million (VAT not included). The credit line is opened for 12 months.
As reported, the Cabinet of Ministers of Ukraine on October 18, 2017 allowed Oschadbank to issue a credit line in the amount of up to UAH 2 billion to state enterprise Energomarket for coal purchases. Energomarket will use the funds attracted to pay off debts to energy generating companies, while the latter will spend them on purchase of coal.
Energomarket planned to raise UAH 2 billion to pay the debt to energy generating companies accumulated before September 1, 2017.