DFF - Nova Poshta II



Project number:


Business sector:


Notice type:


Environmental category:


Approval date:

27 Jul 2021



PSD disclosed:

21 Sep 2021

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."

Project Description

The project will finance investments in the construction of a new automated parcel sorting terminal in the city of Dnipro in central Ukraine. The project is part of Nova Poshta's long-term growth strategy envisaging a transformation of its logistical model in order to meet growing market demand, optimise the supply chain and offer better quality of service to the clients.

Project Objectives

 Overall objectives of the Project:

- increase of operating performance through automation;

- reduction of harmful GHG emissions and increase of fleet utilisation rate. 

Transition Impact

ETI score: 68

  • The project will support the investments in physical infrastructure in order to optimise the supply chain by increasing the speed of delivery, reducing costs and expanding capacity ("Competitive" transition quality);
  • The project will support the reductions of GHG emissions driven by optimisation of logistics chains ("Green" transition quality).

Client Information


Nova Poshta is the leading private postal and courier operator on the Ukrainian market providing the services of express delivery of documents, parcels and cargo to individual and business customers. The company operates a network of ca. 8,500 branches and 6,700 lockers, employs over 32,000 staff (including the employees of its franchise partners) and serves over 8 million clients across the country. In 2020 the company processed over 327 million shipments in Ukraine.

EBRD Finance Summary

EUR 13,000,000.00

A senior secured corporate loan of up to EUR 13 million to be provided as a multi-currency facility available for disbursement in UAH and EUR in favour of Nova Poshta LLC.

Total Project Cost

EUR 28,500,000.00

Terminal design and construction EUR 14.0 million

Equipment Purchase (sorting line and other equipment) EUR 11.9 million

Contingencies EUR 2.6 million


This is a repeat transaction with Nova Poshta. The company is willing to work with the Bank as a reliable and trusted partner in the current unstable economic environment affected by the COVID-19 pandemic. Furthermore, the Bank is additional in terms of financing structure (tenor) and risk mitigation (regulatory risks, GHG emissions).


Environmental and Social Summary

Category B (2019 ESP). Investments in the construction of a new automated parcel sorting terminal are associated with site-specific environmental, health, safety and social impacts typical for the transport service sector, which can be addressed through good management practices.

The client is well known to the Bank through the previous project and submits regular environmental and social (E&S) reporting that demonstrates good progress in implementation of the previously agreed Environmental and Social Action Plan (ESAP) and Road Safety Management System (RSMS) supported by an EBRD technical cooperation project. Implementation of RSMS helped achieve 34% reduction of the traffic accidents. 

Environmental and Social Due Diligence (ESDD) for the new transaction has been undertaken in-house based on the desktop review of the Annual Environmental and Social Report and Q&A sessions. E&S risks associated with the new terminal include contractor management arrangements, safety in design, emergency preparedness and response during construction and operation. Land has been acquired through acquisition of the company, which owned it, therefore Performance Requirement (PR) 5 is not triggered. The company has implemented Covid-response plan based on the risk assessment and existing regulation. 

Client was found to be compliant with current Ukrainian E&S regulation and have required E&S management system and capacity to deliver the project in line with Bank's PRs.

Existing ESAP has been updated to include provisions pertaining to implementation of gender-based violence and harassment measures and will apply to the existing and new facilities.

Technical Cooperation and Grant Financing


Company Contact Information

Sergey Yermolenko
103 Stolychne highway, building 1, 9 floor, 03026

PSD last updated

21 Sep 2021

Understanding Transition

Further information regarding the EBRD’s approach to measuring transition impact is available here.

Business opportunities

For business opportunities or procurement, contact the client company.

For business opportunities with EBRD (not related to procurement) contact:

Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

For state-sector projects, visit EBRD Procurement:

Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

Specific enquiries can be made using the EBRD Enquiries form.

Environmental and Social Policy (ESP)

The ESP and the associated Performance Requirements (PRs) set out the ways in which the EBRD implements its commitment to promoting “environmentally sound and sustainable development”.  The ESP and the PRs include specific provisions for clients to comply with the applicable requirements of national laws on public information and consultation as well as to establish a grievance mechanism to receive and facilitate resolution of stakeholders’ concerns and grievances, in particular, about environmental and social performance of the client and the project. Proportionate to the nature and scale of a project’s environmental and social risks and impacts, the EBRD additionally requires its clients to disclose information, as appropriate, about the risks and impacts arising from projects or to undertake meaningful consultation with stakeholders and consider and respond to their feedback.

More information on the EBRD’s practices in this regard is set out in the ESP.

Integrity and Compliance

The EBRD's Office of the Chief Compliance Officer (OCCO) promotes good governance and ensures that the highest standards of integrity are applied to all activities of the Bank in accordance with international best practice. Integrity due diligence is conducted on all Bank clients to ensure that projects do not present unacceptable integrity or reputational risks to the Bank. The Bank believes that identifying and resolving issues at the project assessment approval stages is the most effective means of ensuring the integrity of Bank transactions. OCCO plays a key role in these protective efforts, and also helps to monitor integrity risks in projects post-investment.

OCCO is also responsible for investigating allegations of fraud, corruption and misconduct in EBRD-financed projects. Anyone, both within or outside the Bank, who suspects fraud or corruption should submit a written report to the Chief Compliance Officer by email to compliance@ebrd.com. All matters reported will be handled by OCCO for follow-up. All reports, including anonymous ones, will be reviewed. Reports can be made in any language of the Bank or of the Bank's countries of operation. The information provided must be made in good faith.

Access to Information Policy (AIP)

The AIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations following its entry into force on 1 January 2020. Please visit the Access to Information Policy page to find out what information is available from the EBRD website.

Specific requests for information can be made using the EBRD Enquiries form.

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out more about IPAM and its mandate; how to submit a Request for review; or contact IPAM  via email ipam@ebrd.com to get guidance and more information on IPAM and how to submit a request.


Share this page: