OREANDA-NEWS. April 22, 2010. EBRD is considering providing a loan of USD 50 million to “NIBULON”, a leading Ukrainian agricultural producer and grain trader, to develop grain infrastructure.

According to the bank, its board of directors plans to review the project on the 25th of May this year.           

It is noted in the report that the total cost of the project, which is implemented by “NIBULON”, is USD 223.8 million. According to EBRD, it will result in a further development of grain infrastructure of the country, including the revival of transportation and grain infrastructure on the Dnipro river, will expand capacities for storage and handling of grain.

As it was reported, “NIBULON” has been implementing the project that involves putting into operation of eight elevators and river terminals, creation of a fleet that consists of 24 non-self-propelled vessels with total deadweight of more than 150 thousand tons and 14 tugs since 2009.

“NIBULON” was established in 1991. At the present time it includes 36 branches in eleven regions of Ukraine (Mykolayiv, Lugans’k, Vinnytsya, Khmel’nyts’kyy, Kharkiv, Poltava, Cherkasy, Sumy, Chernigiv, Zhytomyr, Zaporizhzhya regions) and a subsidiary enterprise in the Netherlands. In general, the company has elevator facilities with a total capacity of over 1 million tons, as well as own transshipment terminal in Mykolayiv.