The European Bank for Reconstruction and Development (EBRD) and Ukraine’s leading private provider of postal services, Nova Poshta, have signed a €13 million loan agreement to support the company’s expansion.
The loan, available in euros and Ukrainian hryvnia, will be used to build an innovative, automated sorting hub in the south-central Ukrainian city of Dnipro. When the Dnipro hub becomes operational, the company will be able to double the number of processed parcels, use its fleet more efficiently and save energy.
The EBRD has already financed the construction of a similar sorting hub in Khmelnytskyi, in western Ukraine. Completed in 2019, it helped Nova Poshta improve efficiency and cut annual CO2 emissions by approximately 1,200 tonnes.
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