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Nova Poshta to receive €9.5 million from EBRD for construction of parcel sorting terminal
12:20, 4 April 2018

Nova Poshta to receive €9.5 million from EBRD for construction of parcel sorting terminal

The execution of the terminal construction project in Khmelnytsky is going to improve fleet utilization by 25% on inter-city routes by the end of 2020

12:20, 4 April 2018

Open source

The Nova Poshta company, Ukraine’s leading firm engaged in express delivery, is going to receive a loan from the European Bank for Reconstruction and Development (EBRD), necessary for the construction of a parcel sorting terminal in the city of Khmelnytsky.

According to a press release handed out to journalists at a press conference dedicated to the signing ceremony in Kyiv on Wednesday, the decision to provide the funding was made by the EBRD board on 9 January 2018, Interfax-Ukraine reports.

Related: Searches of Nova Poshta: Company suspected of evading taxes

The company’s new, automated parcel sorting terminal will be equipped with modern technology. Its average capacity would be greater than the usual handling capacity by three times, to 8.5 thousand parcels per hour. The total parcel sorting capacity will be 18,000 per hour.

The terminal is expected to be built within just one year.

The Chief Financial Officer of Nova Poshta Petro Fokov said that his company had decided to use the borrowed funds to enhance the efficiency of transactions, particularly, thanks to automation and introduction of modern technologies, which requires contemporary infrastructure. The loan is a seven-year multicurrency loan.

Related: Nova Poshta Group increases volume of parcel delivery by almost 30% in 2017

According to the press release, the execution of the terminal construction project in Khmelnytsky is going to improve fleet utilization by 25% on inter-city routes by the end of 2020, as well as to reduce the annual level of CO2 emissions by 1,570 tons by the end of 2020.

"Our strategy for the next five years is to fundamentally update the company's infrastructure in quality and speed. We plan to build modern automated parcel sorting terminals in seven key cities across Ukraine. We chose Khmelnytsky first because it is a national transport hub, a transit point between the western region and the rest of the country," the co-owner of Nova Poshta Viacheslav Klimov said.

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