| Project Detail |
As permitted by paragraph 2.6 of Section III of the Access to Information Policy, disclosure of this PSD was deferred in accordance with paragraph 1.4.4 of the Directive on Access to Information. As per section 1.4.2 (iii) of the Directive on Access to Information: For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD. A senior unsecured loan of up to EUR 50 million to Nova Post LLC (the Company or the Client), the main operating company of NOVA Group, to be provided as a multi-currency facility available for disbursement in UAH and EUR. The loan will consist of two tranches: (i) EUR 35 million Tranche 1 to be committed at signing; and (ii) EUR 15 million Tranche 2 to be committed at the Banks sole discretion. Project Objectives The Project will finance a portion of the 2025-2026 Capex programme, focusing on enhancing operational efficiency and supporting the Clients development strategy in Ukraine during the ongoing war, which includes improvements to physical infrastructure, network optimisation and expansion, IT systems upgrade, energy management practices and promoting human capital recovery. |
