The European Bank for Reconstruction and Development (EBRD) has issued a loan of EUR 2.6 million to Negabarit-Service LLC (Volyn region), one of the leaders of the domestic market for oversized and complex cargo carriage by road, to finance an investment program providing the procurement of up to 42 GPS-equipped tractor trucks and 18 trailers. According to a correspondent of Interfax-Ukraine, the loan agreement was signed in Kyiv on December 20.
The loan will be accompanied by a grant of up to EUR 100,000 under the EU4Business program and a stimulating grant of $452,000 under the EBRD’s FINTECC program launched by the bank in Ukraine in February 2016 to support the introduction of new technologies for climate change mitigation and adaptation to them.
It is assumed that the new trucks will reduce the operating costs of Negabarit-Service by at least 30% due to the reduction of fuel consumption and the cost of maintenance. They will meet environmental standards of at least Euro-6, which will help reduce emissions of nitrogen oxide by 80% and carbon oxide by 22%.
CARGO CARRIER, COMPLEX, EBRD, ISSUES
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