Search En menu ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages
    Reference: 20160873
    Release date: 24 April 2017

    Promoter – Financial Intermediary

    FIRM ASTARTA-KYIV LLC

    Location

    Description

    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.

    Objectives

    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.

    Sector(s)

    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)

    Environmental aspects

    The improvement of storage infrastructure will enable Astarta to mitigate the impact of climate change on yield variation.

    Procurement

    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.

    Status

    Signed - 23/11/2017

    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 Industry