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TOMATO PROCESSING LINE

Signature(s)

Amount
€ 23,513,422.5
Countries
Sector(s)
Ukraine : € 23,513,422.5
Signature date(s)
7/09/2023 : € 2,000,000
31/03/2017 : € 21,513,422.5
Link to source

Summary sheet

Release date
16 January 2017
Status
Reference
Signed | 31/03/2017
20160653
Project name
Promoter - financial intermediary
TOMATO PRODUCTION AND PROCESSING
ACCEPTABLE CORPORATE(S)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
USD 26 million (EUR 24 million)
USD 60 million (EUR 57 million)
Location
Sector(s)
Description
Objectives

Financing of a new line of tomato production and processing in Ukraine

The proposed investment underpins the promoter's strategy to increase the competitiveness of its business through expansion of capacity and resource efficiency. The project will have a positive social and environmental impact in terms of employment creation and resource efficiency, state-of-the-art technology and management, as well as strengthened food security.

Environmental aspects
Procurement

The agricultural component of the project is expected to bring an overall positive impact on the environment by supporting the introduction of more resource-efficient irrigation methods. The new processing plant is expected to be highly resource-efficient, and the appraisal will determine its alignment with the best available technologies principle. The project should also raise safety, health and environmental standards throughout the promoter's operations.

The Bank will require the promoter(s) to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement and the relevant applicable EU public procurement rules.

Under ELM Guarantee

This operation is covered by the ELM Political Risk Guarantee.

Link to source
Other links

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Documents

Environmental and Social Data Sheet (ESDS) - TOMATO PROCESSING LINE
Publication Date
5 Apr 2017
Document language
Main Topic
Lending
Document Number
73205916
Document Focus
Environmental Information
Project Number
20160653
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - TOMATO PROCESSING LINE - Environmental Impact Assessment
Publication Date
14 Sep 2018
Document language
Main Topic
Lending
Document Number
86895695
Document Focus
Environmental Information
Project Number
20160653
Countries
Publicly available
Download now
Environmental and Social Completion Sheet (ESCS) - TOMATO PROCESSING LINE
Publication Date
17 Dec 2020
Document language
Main Topic
Lending
Document Number
134019485
Document Focus
Environmental Information
Project Number
20160653
Countries
Publicly available
Download now
Other links

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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