Nibulon to invest at least $300 mln in river transport in Ukraine

17:28, 11.11.2016 1 min read

Nibulon agricultural company in the framework of its strategic plans in the field of inland waterway transport intends to build five new river transshipment terminals, continue building inland and mixed navigation transport ships.

According to the company's presentation, posted on its website, the strategic plan also provides for investing no less than $300 million in river transport of Ukraine.

The report reads the transport potential of Ukraine's inland waterways for grain transportation is more than 10 million tonnes, other freight more than 50 million tonnes.

This will allow reducing burden on roads by 2.5 million trucks and therefore saving about UAH 47.4 billion of budget funds for road repairs.

Nibulon was created in 1991. It is one of the largest operators in the grain market of the country. It has elevators with a total capacity of about 2 million tonnes, as well as its own transshipment terminal with a capacity of 5 million tonnes in Mykolaiv.