Agricultural major Nibulon to receive USD 50mln loan from EBRD

Agricultural major Nibulon to receive USD 50mln loan from EBRD

The company will modernize its grain logistics infrastructure

The European Bank for Reconstruction and Development (EBRD) will allocate up to USD 50mln facility for Nibulon aimed at financing of the expansion and modernization of the company’s grain logistics infrastructure in 2018-2019, told Anton Usov, a senior adviser of the EBRD. The Board of Directors approved the corresponding project of Nibulon on 17 January, 2018.

The project is a part of the strategic plan to expand and optimize logistics facilities in order to build up grain trade, and scaling down portions of road and rail transportation in logistics. It has to improve profitability and efficiency, as well as diminish impact on the environment.

The project comprises construction of river terminals as well as river crafts along with ship-shore compatibility and mounting of a reloading crane and enlarging the existing terminal in Mykolaiv city.

A total project worth amounts to USD 140mln.

Nibulon plows 82 thousand hectares of land plots. It also owns and manages the second largest network of domestic elevators and river terminals and runs a modern sea terminal located in Mykolayiv city. The company exports corn, wheat and barley to more than 20 countries worldwide.  The volume of exports reaches 4.5mln tons annually.

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