Release date: 16 January 2017
Promoter – Financial Intermediary
ACCEPTABLE CORPORATE(S)Location
Description
Financing of a new line of tomato production and processing in Ukraine
Objectives
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.
Sector(s)
- Agriculture, fisheries, forestry - Agriculture, forestry and fishing
Under ELM Guarantee
This operation is covered by the ELM Political Risk Guarantee.
Proposed EIB finance (Approximate amount)
USD 26 million (EUR 24 million)
Total cost (Approximate amount)
USD 60 million (EUR 57 million)
Environmental aspects
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.
Procurement
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.
Status
Signed - 31/03/2017
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).