The European Bank for Reconstruction and Development (EBRD) has issued a $50 million loan to Nibulon LLC to finance the expansion and modernization of the company’s grain logistics infrastructure in 2018-2019.
The corresponding agreement was signed at the EBRD office in Kyiv on February 15, 2018.
The financing will consist of an A loan of up to $40 million provided by the EBRD and a B loan of up to $10 million, which will be syndicated by commercial banks.
The loan will be used for the three-year investment program of Nibulon, which includes, inter alia, the construction of three new grain terminals, the expansion of the flotilla, including a new floating crane, tugboats, barges and a self-propelled dredging vessel, as well as the construction of a storage facility of 42,000 tonnes, a berth on a barge and a new railway at Mykolaiv terminal. It will allow increasing the volume of cargo transportation by inland waterways to 4 million tonnes per year, as well as raise grain exports to 8 million tonnes per year.
The EBRD said the loan is provided for a period of seven years.
