An international consortium

The European Bank for Reconstruction and Development (EBRD) is willing to participate in providing funds for prolonging the Odessa-Brody oil pipeline up to the Polish cities of Plock and Gdansk. According to Ukrainian Prime Minister Viktor Yanukovich, "Ukraine and the EBRD have almost reached an agreement on financing the Brody-Plock-Gdansk pipeline". An international consortium for implementing the project totaling about $500m will be established in the first half of this year. Last week, Polish President Alexander Kwasniewski after holding talks with his Ukrainian counterpart Leonid Kuchma announced the intention of governments of Kazakhstan, Azerbaijan, Ukraine, Russia, Poland and the EU to conduct a related meeting.