| Project Detail |
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)
Agriculture, fisheries, forestry - Agriculture, forestry and fishing
Under ELM Guarantee
This operation is covered by the EU Political Risk Guarantee for EIB loans outside the EU.
Proposed EIB finance (Approximate amount)
not disclosed
Total cost (Approximate amount)
not disclosed |
