EBRD allocates USD 50 mln loan to NIBULON
On January 17, 2018, Board of Directors of the European Bank for Reconstruction and Development approved the up to USD 50 million loan to NIBULON.
NIBULON says the Loan is to support the expansion and modernization of NIBULON’s grain logistics infrastructure in 2018-2019 including the construction of river terminals, transshipment 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.
Thus, the total sum of loans allocated by the EBRD to NIBULON will comprise USD 140 million.
The USD 90 million syndicated loan was signed by Director of the EBRD for Ukraine Sevki Acuner and NIBULON’s General Director Oleksiy Vadaturskyy during inauguration of the newly built terminal of “Holoprystan’ska” branch (Kherson region) last summer.
The EBRD and NIBULON have been successfully cooperating since 2010.