EBRD provided NIBULON with a loan for infrastructure development

The European Bank for Reconstruction and Development (EBRD) granted NIBULON a loan of up to USD 50 million to finance expansion and modernization of the company's grain logistics infrastructure in 2018/19, reports Interfax-Ukraine.

The corresponding agreement was signed on February 15, 2018 at the EBRD office in Kiev.

NIBULON commented that the loan will help the company improve logistics solutions and increase the volume of inland waterways transportation to 4 million tons per year and increase exports up to 8 million tons per year.

The financing will consist of a loan "A" — up to USD 40 million provided by the EBRD, and a loan "B" — up to USD 10 million, which will be syndicated by commercial banks.

Reference: NIBULON  plans to build reloading terminals in Zaporozhye and Dnepropetrovsk regions before the start of harvesting campaign 2018.