EBRD invests $25 million and takes 35% of shares in M10 Lviv Industrial Park
The total cost of the project is $70 million (Photo:ebrd.com)
The European Bank for Reconstruction and Development (EBRD) will invest a total of up to $24.5 million and will to take a stake of up to 35% in the M10 Lviv Industrial Park project that is developed by Dragon Capital, led by Tomáš Fiala, the EBRD reported on its site on Feb. 17.
The M10 Lviv Industrial Park is to provide new logistics and production capacities in western Ukraine to meet humanitarian and economic demand both during war time and post-war reconstruction.
The M10 Lviv Industrial Park is worth $70 million and is located 60 km away from the Ukrainian-Polish border. $5.5 million will be invested in completing the first phase of the project.
The full-scale Russian invasion interrupted the construction of the first phase of the M10 Lviv Industrial Park. Work resumed on the project in the summer 2022. The first warehouse complex — covering an area of 14,400 square meters (155,000 square feet) — is expected to be finished in the second half of 2023.
"The EBRD’s Lviv Industrial Park investment bridges a financing gap caused by adverse market conditions and is in line with the Bank’s stance on Ukraine and its overall response to the crisis," the bank's press release reads.
Dragon Capital is one of Ukraine’s leading investment and financial services firms, providing a comprehensive range of services in investment banking and brokerage for both entities and individuals. Dragon Capital owns the New Voice magazine, the NV.ua website, and NV Radio.
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