EBRD Loan for Construction of Nibulon’s River Terminals
- Business & Finance
The Board of Directors of the European Bank for Reconstruction and Development (EBRD) last week approved the loan of up to $50 million to Nibulon.
The loan is to support the expansion and modernization of Nibulon’s grain logistics infrastructure in 2018-2019 including the construction of river terminals, transshipment crane, river fleet and Mykolaiv terminal enhancement works.
With the previous $90 million syndicated loan that was signed last summer by Director of the EBRD for Ukraine Sevki Acuner and Nibulon’s General Director Oleksiy Vadaturskyy, the total sum of loans allocated by the EBRD to Nibulon will comprise $140 million.
The Ukrainian company recently carried out experimental work to deepen the rocky bottom of the Dnipro River in Kamianske town (Dnipropetrovsk region). The works were carried out with the help of dredger MYKOLAIVETS, built by Nibulon at its own shipbuilding and repair yard.