Novotech Terminal (Ukraine)
During the last several years Ukraine has significantly strengthened its position among the world’s leading exporters of grain. Maritime transport is a major channel for transshipment of agricultural produce and has generated new requirements for the development of Ukraine’s sea port infrastructure.
In 2017, the Bank extended a USD 5 million long-term loan to Novotech-Terminal LLC, a private Ukrainian company operating three berths in the Odessa Marine Trade Port. Since 2016 the Borrower has been investing in the expansion of its grain terminal with the view to increasing its throughput capacity up to 2.5 million metric tons per annum. The Bank’s funds financed a part of the costs of the expansion program.
The operation contributed to achieving two major priorities of the BSTDB country strategy for Ukraine, namely promoting export of goods and services and developing infrastructure.