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EBRD to provide loan of EUR 13 mln to Nova Poshta for construction of terminal in Dnipro
KYIV. Sept 22 (Interfax-Ukraine) – The European Bank for Reconstruction and Development (EBRD) will provide a loan of EUR 13 million to Nova Poshta (Ukraine) for the construction of a new automated parcel sorting terminal in the city of Dnipro.
As stated in the report of the EBRD, the decision was made by the Board of Directors of the EBRD on July 27 this year.
According to the report, this is a senior secured corporate loan of up to EUR 13 million to be provided as a multi-currency facility available for disbursement in UAH and EUR in favour of Nova Poshta LLC.
The automated terminal project is part of Nova Poshta’s long-term growth strategy envisaging a transformation of its logistical model in order to meet growing market demand, optimise the supply chain and offer better quality of service to the clients. The total cost of the project is EUR 28.5 million, of which EUR 14 million is for the design and construction of the terminal, EUR 11.9 million for the purchase of a sorting line and other equipment, and another EUR 2.6 million for contingencies, the EBRD said.
As reported, in 2018, Nova Poshta built the Khmelnytsky Innovation Terminal (HIT) using EBRD loan funds in the amount of EUR 9.5 million. Nova Poshta signed an agreement on this loan with the EBRD on April 4, 2018.
