25 Mar 2010 15:29

EBRD to give Technopolis EUR 32 mln credit for industrial park in St. Petersburg

ST. PETERSBURG. March 25 (Interfax) - The European Bank for Reconstruction and Development (EBRD) board of directors have approved extending the Finnish company Technopolis a EUR 31.6 million to finance the first phase of creating an industrial park in St. Petersburg, EBRD materials say.

The EBRD will allocate EUR 21.6 of its own monies, and EUR 10 million will come from a syndicated commercial-bank loan.

Technopolis, which operates such facilities in Europe, will build its own industrial park not far from the city's Pulkovo Airport. Overall investment in the project's first phase will be EUR 63.2 million. The park's building will occupy 24,100 m2 of land, with 19,400 m2 suitable for leasing. April 27 is the day the park is scheduled to open.