Photo courtesy of EBRD.
A $50 million loan to Nibulon Group, one of Ukraine’s 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 $40 million for the EBRD’s own account and a B-loan of up to $10 million, which will be syndicated to commercial banks.
Nibulon is a long-standing client of the EBRD. The new loan will support Nibulon’s large-scale 3-year investment program, which includes, but not limited to: construction of three new grain river terminals, expansion of Nibulon’s fleet, including new floating transshipment 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 said it 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.
