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    Signature(s)

    Amount
    € 30,000,000
    Countries
    Sector(s)
    Bulgaria : € 30,000,000
    Industry : € 3,300,000
    Energy : € 3,600,000
    Signature date(s)
    11/12/2020 : € 3,300,000
    11/12/2020 : € 3,600,000
    11/12/2020 : € 23,100,000

    Summary sheet

    Release date
    24 November 2020
    Status
    Reference
    Signed | 11/12/2020
    20200180
    Project name
    Promoter - financial intermediary
    BONI MEAT PRODUCTION
    BONI HOLDING AD
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 30 million
    EUR 61 million
    Location
    Sector(s)
    Description
    Objectives

    The project proposal consists of financing: (i) a greenfield pig rearing facility, (ii) the refurbishment of another pig rearing facility, (iii) the refurbishment of a pig slaughterhouse, (iv) a greenfield rendering facility, (v) two grain silos and (vi) solar panels.

    The project aims to introduce best available process and automation technology to the company, which will allow substantial improvements in its energy consumption, as well as increase its production capacity and efficiency. The project will also create new employment and help secure existing employment in rural areas of Bulgaria and, therefore, contribute to the economy in a less developed region of EU.

    Environmental aspects
    Procurement

    Part of the project's investments fall under Annex I and II of Environmental Impact Assessment (EIA) Directive 2011/92/EU. The EIA procedure for the refurbishment of the pig rearing was completed according to Bulgarian/EU regulatory provisions and the required integrated environmental permit was issued. For the greenfield pig rearing, the bank is expecting to receive the EIA decision, the building and the integrated environmental permits. The refurbishment of the pig slaughterhouse falls under Annex II of the EIA Directive 2014/52/EU (amending 2011/92/EU). No EIA is required as the competent authority issued a screen-out decision (??-29-??/2019). According to this decision, the activity does not fall under the IED Directives (2010/75 EU). As the site will be slightly extended, the Promoter did receive a building permit on 1 October 2019 (PC-01-68). The construction of a new rendering facility in Lovech falls under Annex II of the EIA Directive 2014/52/EU (amending 2011/92/EU) and will be subject to a determination (screening) made by the competent authority to determine whether an EIA is required or not. The Bank is, therefore, expecting to receive the screen-out decision or the EIA report before the start of the project. For the grain silos and renewable energy, these investments would fall neither under the provisions of Annex I and II of the EIA Directives (nor their transposition into member state law), nor the IED (2010/75 EU). The Promoter applies strict animal welfare, hygiene and safety protocols that meet official EU and Bulgarian standards.

    The Promoter has been assessed by the EIB as being a private company not subject to EU rules on public procurement or concessions.

    Disclaimer

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

    Documents

    Environmental and Social Impact Assessment (ESIA) - BONI MEAT PRODUCTION - ОЦЕНКА НА ВЪЗДЕЙСТВИЕТО ВЪРХУ ОКОЛНАТА СРЕДА
    Publication Date
    9 Dec 2020
    Document language
    Main Topic
    Lending
    Document Number
    133769441
    Document Focus
    Environmental Information
    Project Number
    20200180
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Data Sheet (ESDS) - BONI MEAT PRODUCTION
    Publication Date
    29 Dec 2020
    Document language
    Main Topic
    Lending
    Document Number
    131473549
    Document Focus
    Environmental Information
    Project Number
    20200180
    Regions
    Countries
    Publicly available
    Download now

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