EIB supports rehabilitation of gas infrastructure and development of agri-food sector in Ukraine

02.12.2014

The European Investment Bank (EIB) is providing two loans in Ukraine:

  • EUR 150 million to upgrade the gas transmission infrastructure along the Urengoy-Pomary-Uzhgorod pipeline and
  • EUR 85 million to upgrade the storage and food-processing infrastructure of the MHP group, modernising its production capacity

The EUR 85 million loan to MHP, a leading Ukrainian agri-food producer, supports the construction of grain elevators and storage located in western Ukraine.

It will generate additional employment in Ukraine’s rural communities, promoting the country’s economic development and its integration within international markets.

The EIB loan has a tenor of 10 years. Approximately 65% of the loan will be guaranteed by European banks operating in Ukraine, strengthening cooperation with major European commercial banks willing to invest in Ukraine at a difficult time for the country.

Full version of press release is available here.

 

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