A leading grain trader Nibulon is set to develop new infrastructure and increase exports.
The European Bank for Reconstruction and Development (EBRD) is promoting the development of grain logistics in Ukraine by increasing the capacity of the country’s inland waterways and creating associated infrastructure.
A US$50 million loan to Nibulon Group, one of Ukraine’s largest grain exporters, will improve logistical solutions, help increase its volumes of cargo transportation by inland waterways up to 4 million tonnes per year and increase its grain exports up to 8 million tonnes per year, reads the report published on the EBRD website.
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The new loan will support Nibulon’s large-scale 3-year investment program, which includes, but is not limited to: construction of three new grain river terminals, expansion of Nibulon’s fleet including new floating transhipment crane, tugboats, barges and a self-propelled dredging vessel, and construction of a 42 000-tonne storage facility, a barge quay and a new railway at its Mykolaiv seaport terminal.
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