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EBRD supports efficient grain logistics in Ukraine

20.02.2018 09:45 "Agro Perspectiva" (Kyiv) The EBRD is promoting the development of grain logistics in Ukraine by increasing the capacity of the countrys inland waterways and creating associated infrastructure.

A US$ 50 million loan to Nibulon Group, one of Ukraines largest grain exporters, will improve logistical solutions, help increase its volumes of cargo transportation by inland waterways up to 4 million tons per year and increase its grain exports up to 8 million tons per year.

The financing will be structured as an A-loan of up to US$ 40 million for the EBRDs own account and a B-loan of up to US$ 10 million, which will be syndicated to commercial banks.

Nibulon is a long-standing client of the EBRD. The new loan will support Nibulons large-scale 3 year investment programme, which includes, but not limited to: construction of three new grain river terminals, expansion of Nibulons fleet including new floating transhipment crane, tugboats, barges and a self-propelled dredging vessel, and construction of a 42 000-tonne storage facility, a barge quay and a new railway at its Mykolaiv terminal.

The project is supported by grant funding provided by Japan-EBRD Technical Cooperation Fund.

The EBRD is the largest international financial investor in Ukraine. To date, the Bank has made a cumulative commitment of almost 12.1 billion across some 400 projects since the start of its operations in the country in 1993.

Agro Perspectiva

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