EU supports development of cargo transportation in Ukraine

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    Industrial customers across Ukraine and the EU will have access to a wider range of oversized cargo transport services following a transport fleet upgrade of a company providing such services.

    A five-year senior loan of €2.6 million will be provided under the EU4Business initiative to the company Negabarit-Service LLC, which is a leader in the oversized and complex cargo transportation market in Ukraine and is located in the west of the country near the EU border.

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    The loan from the European Bank for Reconstruction and Development (EBRD) will help finance the company’s investment programme, which includes the acquisition of up to 42 trucks equipped with advanced GPS systems and 18 trailers.

    The new trucks will reduce Negabarit-Service’s operating costs by at least 30 per cent thanks to a reduction in fuel consumption and maintenance expenditure.

    The new vehicles will be compliant with Euro 6 or higher emissions standards, which will help reduce nitrogen oxide (NOx) emissions by 80 per cent and carbon oxide (CO) by 22 per cent.

    The loan will be supported by an EU grant of up to €100,000 provided by EU4Business and an incentive grant of 452,400 US dollars from the EBRD’s FINTECC programme, designed to implement new technologies in the area of climate change mitigation and adaptation, which was launched in Ukraine in February 2016.

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