Quick Facts

Where the impacts of the investment may be experienced.
  • Ukraine
Location: Yuzhny
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.
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • European Bank for Reconstruction and Development (EBRD)
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.
Board Decision Date: 2016-09-07
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 or Client: MV Cargo Ltd
The holder of the loan, grant, or other investment.
The service or industry focus of the investment. A project can have several sectors.
  • Transport
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 37.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD): $ 130.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

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Primary Source

Original disclosure @ EBRD website
Updated in EWS: 2017-08-09
Disclosure Date: 2015-10-26
Yuzhny Grain Terminal

Project Description
This project finances a greenfield development of a new private grain terminal in the Port of Yuzhny with an annual throughput capacity of up to 4.0 million tonnes of grain in order to address the existing shortage of modern deep-water grain handling port facilities in Ukraine.
Investment Description
This project comprises of a senior secured loan to MV Cargo Ltd, who will implement the project in partnership with Cargill, one of the largest providers of food, agricultural, financial and industrial products and services in the world, and the Ukrainian Sea Ports Authority, a state enterprise responsible for supervising the functioning, maintenance and development of the Ukrainian seaports and their infrastructure. MV Cargo Ltd is a special purpose company established for the development and operation of the project. The project is intended to be co-financed by International Finance Corporation that would provide a parallel loan in the amount of up to US$ 37.0 million to MV Cargo Ltd.
Contact Information
Company Contact Information Mr. Alexandr Nashchubskiy mail@mv-cargo.com MV Cargo Ltd. 60, Chapaeva str., Vizirka, Odessa region, 67543, Ukraine 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, 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.