EBRD to consider a USD 40 million loan for NIBULON

The European Bank for Reconstruction and Development (EBRD) on December 13 will consider the issue of a loan of USD 40 million for NIBULON.

The Loan is to support the expansion and modernisation of NIBULON's grain logistics infrastructure in 2018-19 including the construction of river terminals, transhipment crane, river fleet and Mykolaiv terminal enhancement.

The Project will support NIBULON's strategy aimed mainly at the expansion and optimisation of its river grain logistics facilities in order to increase grain trading volumes reducing the share of road and rail transportation, which will lead to the improvement of profitability, efficiency, as well as to the reduction of environmental footprint.

According to the report, the EBRD can increase the amount of financing to USD 50 million.

The total project cost is valued at USD 141.4 million.

Reference: ING Bank on September 12 issued a long-term loan for NIBULON in the amount of USD 18 million.