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    Reference: 20190118
    Release date: 10 October 2019

    Promoter – Financial Intermediary

    Not disclosed.

    Location

    Description

    The project concerns financing of grain silos, agriculture equipment and grain railcars in Ukraine.

    Objectives

    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.

    Sector(s)

    Under ELM Guarantee

    This operation is covered by the ELM Political Risk Guarantee.

    Proposed EIB finance (Approximate amount)

    not disclosed

    Total cost (Approximate amount)

    not disclosed

    Environmental aspects

    All of the project's components are expected to be operated and implemented in conformity with applicable national and EU environmental legislations.

    Procurement

    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.

    Status

    Approved - 14/11/2019

    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