EIB could finance grain logistics projects in Ukraine

15:28, 03.11.2016 1 min read

The European Investment Bank (EIB) is considering the possibility of financing the projects of Ukrainian grain market operators to expand and modernize their logistics infrastructure, according to the website of this international financial institution.

"The project is expected to remove existing bottlenecks related to transportation and storage of cereals, reduce the in-land transportation costs as well as increase the annual volume of exported agricultural commodities. It is also expected to have a positive impact overall on the environment and employment," the report reads.

The bank noted the recipient of funds could be one or several companies that own such infrastructure in Ukraine and will meet the requirements set by the project, but did not specify other details.