OREANDA-NEWS. November 24, 2011. The European Bank for Reconstruction and Development (EBRD) has approved a USD 155 million credit to Rosmorport, the Bank said.

The loan is granted for modernization of Rosmorport’s fleet of environmental service fleet; procurement of oil boom laying workboats, skimmers, vessels for collection of shipboard wastes and dredgers, and other equipment. The total project cost is USD 209 million.

Federal enterprise Rosmorport was founded by the Russian government in 2002 for management, maintenance, creation and expansion of the federal assets at Russian ports. Rosmorport is responsible for safety of navigation in Russian harbors. The company manages and operates the world's largest icebreaker fleet of 26 diesel-electric icebreakers.