Export of grain by the Nibulon agricultural company in the 2017/2018 marketing year (MY, July-June) could reach 5 million tonnes, which will slightly exceed the figure of the previous season (about 4.8 million tonnes), company CEO Oleksiy Vadatursky has said at a press conference in Kyiv.
He said that about 40% of Nibulon exports are carried out by river.
“We set the goal to annually increase the volume of river transportations by 500,000 tonnes. Last year the volume was 2.3 million tonnes with the plan being 2 million tonnes. This marketing year we plan to transport 2.5 million tonnes, of which 2.3 million tonnes have already been transported, so we will exceed the plan,” Vadatursky noted.
As reported, on February 15 the European Bank for Reconstruction and Development (EBRD) 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 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 EBRD said the loan is provided for a period of seven years.
