EIB loan of EUR 400 mln to be allocated to modernize agriculture infrastructure in Ukraine, develop aquaculture

12:15, 12.10.2015 1 min read

The EUR 400 million loan provided by the European Investment Bank (EIB) will be allocated to projects to modernize infrastructure in Ukraine's agriculture, as well as to develop aquaculture.

Key investment gaps to be addressed include agricultural field machinery; drying, storage, processing and logistics capacity; and investments in aquaculture and cold chain infrastructure in the fish sector, EIB said on its website.

The loan will also be available for investment in public sector infrastructure, such as testing laboratories, research and vocational training facilities and fish stock monitoring capacity that supports the sustainable flow of produce from producer to consumer along these value chains.

The project aims to have a positive impact on the rural economy as well as on the environment and public health.