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    Reference: 20160653
    Release date: 16 January 2017

    Promoter – Financial Intermediary

    ACCEPTABLE CORPORATE(S)

    Location

    Description

    Financing of a new line of tomato production and processing in Ukraine

    Objectives

    The proposed investment underpins the promoter's strategy to increase the competitiveness of its business through expansion of capacity and resource efficiency. The project will have a positive social and environmental impact in terms of employment creation and resource efficiency, state-of-the-art technology and management, as well as strengthened food security.

    Comments

    This operation is covered by the EU Political Risk Guarantee for EIB loans outside the EU.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    Not disclosed.

    Total cost (Approximate amount)

    Not disclosed.

    Environmental aspects

    The agricultural component of the project is expected to bring an overall positive impact on the environment by supporting the introduction of more resource-efficient irrigation methods. The new processing plant is expected to be highly resource-efficient, and the appraisal will determine its alignment with the best available technologies principle. The project should also raise safety, health and environmental standards throughout the promoter's operations.

    Procurement

    The Bank will require the promoter(s) to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement and the relevant applicable EU public procurement rules.

    Status

    Signed - 31/03/2017

    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).

    Related tags

    Ukraine Agriculture, fisheries, forestry