ASTARTA AGRI-FOOD

The proposed investment programme comprises the construction and operation of eight grain elevators, one being linked to a soya bean crushing and oil extraction plant of 700 t/d of soybeans. The plant and grain elevators are scattered on eight different locations in Poltova, Vynnitsia and Khmelnitskiy regions in Ukraine. The total storage capacity with the necessary elevators and grain drying systems is 513,000 t.

Objectives

The proposed investment programme contributes to adding value into the Ukraine's agro-food sector by processing locally produced staple crops and low value by-products towards higher value grains, feeds and consumer goods to meet the domestic demand. The programme is also expected to balance Ukraine's food trade by decreasing exports of soya beans and the imports of processed protein feeds. The programme will also promote significant welfare gains by decreasing harvest and post-harvest losses.

Comments

Sector(s)

Industry

Proposed EIB finance (Approximate amount)

EUR 50 million

Total cost (Approximate amount)

EUR 100 million

Environmental aspects

Within the EU both project schemes would fall, by the virtue of their technical characteristics, under the scope of Annex II of the Environmental Impact Assessment (EIA) Directive 2011/92/EU. The position in respect of national legislation will be confirmed at appraisal. The status and details of possible environmental and social assessment and permitting procedures, and compliance of the project with the EIB environmental and social standards will be assessed during the appraisal.

Procurement

The promoter will be required to comply with the Bank's Guide to Procurement.

Status

Under appraisal - 04/04/2013.

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. Therefore data provided on this page is indicative and cannot be considered to represent official EIB Policy (see also the Explanatory notes).

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