The EBRD provided Astarta-Kiev with a loan of US$ 25 million
The EBRD is supporting Astarta-Kiev, Ukraine’s largest vertically integrated agricultural holding listed on the Warsaw Stock Exchange, to improve its logistics with the introduction of innovative storage facilities. A seven-year loan of up to US$ 25 million is also aimed at achieving savings in the use of energy and resources and a reduction in greenhouse gas (GHG) emissions.
According to the Bank's message, the funds will be used to construct, extend or acquire grain and sugar storage facilities in the Poltava and Khmelnytsky regions of Ukraine.
The project is in line with the EBRD’s Green Economy Transition approach, under which the Bank is promoting investments in energy and resource efficiency as well as stimulating innovation.
The investment is expected to result in energy and resource savings as well as reducing GHG emissions.
Reference: the project provides for the construction and acquisition of 6 grain storage facilities with a total capacity of 480 thousand tons, and the construction of one storage facility for sugar with a total capacity of 50 thousand tons.