EBRD to provide NIBULON a USD 50 million loan

The European Bank for Reconstruction and Development (EBRD) will provide NIBULON with a loan of up to USD 50 million to finance the expansion and modernization of grain logistics infrastructure.

This was informed by Anton Usov, Senior Communications Adviser at EBRD, reports Interfax-Ukraine.

The project includes the construction of river terminals, reloading crane, river fleet and expansion of the terminal in Nikolaev.

This project will support the company's strategy aimed at expanding and optimizing logistics facilities to increase the volume of grain trade, reduce the share of road and rail traffic, which will lead to increased profitability, efficiency, and to reducing the impact on the environment.

The total cost of the project is estimated at USD 140 million. EBRD's Technical Cooperation Fund and Japan provided technical assistance to partially cover the costs of project legal support.

Reference: NIBULON's total storage capacity increased 8% in 2017.