Ebrd Loan For Russian Plant

The European Bank for Reconstruction and Development (EBRD) plans to provide a RUR 4.3BN long-term loan in 2008 to the Russian subsidiary of Guardian Europe for the building of a float glass plant in the city of Ryazan, a bank representative said 31 January 2008. The loan will be provided for the construction of the first stage of the plant. The entire construction project will cost an estimated RUR 6.2BN.