Release date: 20 June 2014
Promoter – Financial Intermediary
ACCEPTABLE BANK(S)ACCEPTABLE CORPORATE(S)
Location
Description
Global loan to the Republic of Moldova for the upgrading of the horticultural sector.
Objectives
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.
Comments
This operation is covered by the EU Guarantee for EIB loans outside the EU.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 120 million
Total cost (Approximate amount)
Not applicable.
Environmental aspects
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.
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 - 31/07/2014
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).