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EBRD to loan USD 50 million to Nibulon Ltd, Mykolaiv
08:51 / 12.06.2010

MYKOLAIV, JUNE 12th, 2010, CONTEXT-PRICHERNOMORIE – EBRD will provide a loan of USD 50 million to Nibulon Ltd, Mykolayiv, a leading Ukrainian agricultural producer and grain trader, to develop grain infrastructure, Context-Prichernomorie correspondent reports.

The agency was informed about it today 12 June at the press service of the company.

According to their report, press-secretary of the EBRD in Ukraine Anton Usov informed Interfax-Ukraine, the project had been approved by the Board of Directors of the bank on Tuesday.

According to him loan agreement can be signed in the next few weeks.

A. Usov noted that EBRD makes a strong emphasis on supporting Ukrainian agricultural companies this year. He reminded that this year, the EBRD has already signed agreement on providing a loan to UkrFarm Funding Limited, which includes around 60 Ukrainian farming companies and is affiliated with the Renaissance Group, and in the near future the bank plans to approve another four more projects in this sphere, including “Astarta” and “Myronivskyy Hliboprodukt”.

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.