The European Bank for Reconstruction and Development may allocate about $1 million for the reconstruction of the Ainek Industries glass factory in Bishkek, Rifat Utyushev of the EBRD office in Kyrgyzstan said.
The project is estimated to cost $3.5 million. The CIS Interstate Bank is to provide $1.5 million and other funds will come from local investors, he said.
The EBRD, Interstate Bank and Ainek Industries signed a protocol of intent on the project on October 24 during a Kyrgyzstan-Russia investment forum.
Interfax, October 31, 2003