10 October 2019
Promoter – Financial Intermediary
EPICENTR K TOV
The project concerns financing of grain silos, agriculture equipment and grain railcars in Ukraine.
EIB funds will be used for the expansion of the company storage infrastructure, the purchase of new agricultural machinery and equipment, as well as of grains freight railcars. The investment is expected to increase the volume of agricultural commodities produced and commercialised.
The EIB expects parts of the new equipment to be imported from different EU countries, which will help to increase the relations between the EU and Ukraine. The project will also help to improve the local labour market, creating 1,100 additional permanent jobs for the new operations and employing 300 workers during construction (most of them from low income/low resources families). Finally, it will also contribute to increasing the economic activity on the region and value chains, since it is envisaged to involve 15-20 local subcontracting SMEs.
Under ELM Guarantee
This operation is covered by the ELM Political Risk Guarantee.
Proposed EIB finance (Approximate amount)
USD 120 million (EUR 109 million)
Total cost (Approximate amount)
USD 457 million (EUR 416 million)
All of the project's components are expected to be operated and implemented in conformity with applicable national and EU environmental legislations.
It is required that the promoter ensures that any procurement procedures are done in accordance with the EIB' Guide to Procurement and the relevant applicable EU public procurement rules.
Signed - 22/12/2021