Nibulon to invest in Ukraine's ag infrastructure

by Holly Demaree
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Nibulon
The investment focuses on river transportation.
Photo courtesy of Nibulon.
 
KIEV, UKRAINE — Nibulon will be investing UAH 5.5 billion ($207.565 million) to help develop Ukraine’s ag infrastructure and river transportation system.

 

Oleksiy Vadaturskyy, Nibulon’s general director, said the investment will be aimed at the construction of new river transshipment terminals along the Dnipro River and the Southern Buh River, construction of the cargo fleet at Nibulon’s shipbuilding and repair yard in Mykolaiv, and reconstruction of the shipyard.

After the river logistics development, the annual volumes of grain and oilseeds transportation along Ukraine’s rivers will reach 4 million tonnes. The company plans to transport other cargoes by river as well.

“We will do everything to transport Ukrainian cargoes to Belarus by rivers, and along the inland waterway of international significance E40 to the European Union,” Vadaturskyy said. “We also started scheduled passenger transportation in Mykolaiv and Kherson regions in May.”

The International Finance Corporation (IFC) also has allocated a loan of $90 million to Nibulon to be used to further develop the infrastructure of the ag sector and river transportation in Ukraine.

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