Release date: 24 April 2017
Promoter – Financial Intermediary
FIRM ASTARTA-KYIV LLC
The promotor is carrying out a number of investments to enlarge grain and sugar storage capacity. The EIB loan is also expected to finance the development of an information technology (IT) solution to improve a series of agricultural processes as part of the InnovFin scheme.
EIB funds are expected to enable the company to improve trade and export logistics by upgrading existing and constructing new grain and sugar silos. As part of the InnovFin programme, the EIB also aims to help the company make use of Ukraine's IT capabilities in order to develop innovative solutions that optimise processes along the agricultural value chain.
- Agriculture, fisheries, forestry - Agriculture, forestry and fishing
- Industry - Information and communication
Under ELM Guarantee
This operation is covered by the ELM Political Risk Guarantee.
Proposed EIB finance (Approximate amount)
USD 43 million (EUR 36 million)
Total cost (Approximate amount)
USD 87 million (EUR 72 million)
The improvement of storage infrastructure will enable Astarta to mitigate the impact of climate change on yield variation.
The Bank will require the promoter to ensure that any procurement procedures are done in accordance with the Bank's Guide to Procurement and the relevant applicable EU public procurement rules.
Signed - 23/11/2017