EBRD Provides €13 Million Loan to Novaya Pochta for the Construction of a Sorting Hub in Dnipro

by Meifan Honcharuk
Thursday, December 30, 2021
EBRD Provides €13 Million Loan to Novaya Pochta for the Construction of a Sorting Hub in Dnipro

European Bank for Reconstruction and Developmentand Ukraine's leading private postal service provider Novaya Pochta signed a €13 million loan agreement to support the company's expansion

The loan will be available in euros and hryvnia and is intended to construct an automated sorting hub in Dnipro. This state-of-the-art facility will host a new smart system developed by Equinox, a Lithuanian robotics and logistics optimization solutions provider.

After the launch of a new hub in Dnipro, the company will be able to handle twice as many shipments, use its fleet more efficiently, and reduce energy consumption. By reducing travel and fuel consumption, emissions will be reduced by about 1.570 tons of CO2 equivalent per year — the same effect is achieved if 800 cars are removed from the streets.

Petr Fokov, chief financial officer of Novaya Poshta, noted: "Obtaining an EBRD loan is evidence of the financial health of Novaya Poshta and the bank's confidence in the company. This inspires us to keep innovating. Every year, we invest in infrastructure to successfully handle the growing number of shipments. We are delighted to continue our partnership with the EBRD to help us innovate faster and deliver better services to our clients."

The EBRD has already funded the construction of a similar sorting hub in Khmelnytsky in western Ukraine, which was completed in 2019 and helped Novaya Pochta improve efficiency and reduce annual CO2 emissions by about 1.200 tonnes.

Novaya Poshta is a leader in the logistics market of Ukraine and provides services of express delivery of documents, cargo and parcels to individuals and legal entities with the possibility of delivery to a specific address, to a branch, or a parcel terminal. The company has 9.300 departmentы and 11.000 parcel terminals throughout the country. Her services help thousands of entrepreneurs in Ukraine and abroad do business.

The EBRD is the leading institutional investor in Ukraine. The bank has already invested nearly €16 billion in 506 projects across the country, focusing on helping stabilize the economy and consolidate the results of reforms, improving energy efficiency and energy security, and supporting projects in agriculture, industry, and the small medium-sized business sector.

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