DFF - Nova Poshta II (EBRD-52426)

Countries
  • Ukraine
Where the impacts of the investment may be experienced.
Specific Location
Dnipro
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jul 27, 2021
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Nova Poshta
The holder of the loan, grant, or other investment.
Sectors
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 15.37 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 13 million
Converted using 2021-07-27 exchange rate.
Project Cost (USD)
$ 33.69 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 28.5 million
Converted using 2021-07-27 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Sep 27, 2021

Disclosed by Bank Sep 21, 2021


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Project Description

According to the Bank's website, the project provides funding to Nova Poshta to finance investments in the construction of a new automated parcel sorting terminal in the city of Dnipro in central Ukraine. 

Investment Description
Private Actors Description

Nova Poshta is the leading private postal and courier operator on the Ukrainian market providing the services of express delivery of documents, parcels and cargo to individual and business customers. The company operates a network of ca. 8,500 branches and 6,700 lockers, employs over 32,000 staff (including the employees of its franchise partners) and serves over 8 million clients across the country. In 2020 the company processed over 327 million shipments in Ukraine.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Nova Poshta (New Post LLC) Client Transport

Contact Information

PROJECT CONTACT INFORMATION

Sergey Yermolenko
corp.com@novaposhta.ua
0-800-500-60
https://novaposhta.ua/
103 Stolychne highway, building 1, 9 floor, 03026

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.

You can contact the PCM at: pcm@ebrd.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en

You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html