FRUIT GARDEN OF MOLDOVA

Global loan to the Republic of Moldova for the upgrading of the horticultural sector.

The proposed operation will provide resources to a large number of micro-enterprises and SMEs. It is also expected to have a positive environmental and social impact. The proposed support to both the individual growers and the up and down-stream sector should allow future revenues to be developed, ensuring the long term viability of a strategically important sector for the economy.

The proposed operation is intended to address quality and financial issues and is being structured to develop existing facilities and resources together with building new capacity along the entire horticulture value chain. It is therefore unlikely that any sub-project would be of such a scale that it would have required an EIA if located within an EU member state. However, the handling of environmental issues will be fully reviewed at appraisal.

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.

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