EBRD will provide up to US$ 25 million secured loan to Astarta

The European Bank for Reconstruction and Development (EBRD) on October 4, 2017 will consider the issue of a loan of $25 million to the agro-industrial holding Astarta-Kyiv.

This is reported on the EBRD's website. 

The Project will support the Group's long-term strategy to develop and modernise the existing grain and sugar infrastructure, thereby achieving greater operating and production efficiency, while lowering costs.

The Project involves the construction and acquisition of six grain storage facilities with a total capacity of 480,000 tones and the construction of one sugar storage facility with a total storage capacity of 50,000 tones. The new storage facilities will be located in Poltava, and Khmelnitsky.

The total Project's cost amounts to $83,1 million. 

All of the project components will be constructed on undeveloped land or the existing logistics sites. No additional land acquisition or resettlement is anticipated. Potential impacts will relate primarily to occupational safety risks during the construction and to dust emissions during the loading and unloading of grains and sugars.