The European Bank for Reconstruction and Development (EBRD) could provide a senior sovereign-guaranteed loan of up to 53 million euros for the acquisition and equipping of postal vans and for the development of modern automated sorting hubs in the cities of Kyiv, Lviv and Dnipro.
According to a report on the bank’s website, the project is pending approval of the bank’s board until Sept. 30, 2020.
Tranche 1 of up to 23 million euros is intended for the acquisition and equipping of postal vans to be deployed in rural areas across the country and Tranche 2 of up to 30 million euros for the development of modern automated sorting hubs in the cities of Kyiv, Lviv and Dnipro and an associated network of regional sorting depots.
According to the EBRD, the total cost of the project is 102 million euros, which includes 53 million euros of EBRD loan, a 30 million euros loan of the European Bank for Reconstruction and Development (EIB), and own funds of Ukrposhta in the amount of 19 million euros.
