AGRIA GRAIN PORT TERMINAL (EIB-20170928)

Countries
  • Bulgaria
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
AGRIA GROUP HOLDING AD
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 15.89 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 14 million
Converted using 2018-08-14 exchange rate.
Project Cost (USD)
$ 32.91 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 29 million
Converted using 2018-08-14 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Sep 11, 2018

Disclosed by Bank Aug 14, 2018


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Project Description

According to the EIB website, the project consists of the construction of a new port facility in the vicinity of the Port of Varna for the storage, handling and export of grain, vegetable oils and sunflower meals in the area of Beloslav, Bulgaria.The new facility will mainly be used for the storage and exporting operations of the promoter's produce, but will also service similar operations for other producers and exporters in the region. The main project components include dredging works, the construction of a new quay wall and operational area, six grain silos, a pump station and pipe transportation for loading liquid cargos, an administration building, connections to the road and rail network and a ship loader and other operational port equipment.

The project will contribute to the development of a comprehensive Trans-European Transport Network (TEN-T) node by improving the capacity and efficiency of the associated supply chain. it also promotes sea sustainable transport as an alternative to other carbon intensive transport modes and supports sustainable economic growth as well as the development of a less developed region.

Investment Description
  • European Investment Bank (EIB)
Private Actors

Agria Group Holding JSC, together with its subsidiaries, engages in the production, storage, processing, and sale of agricultural produce in the Republic of Bulgaria. It offers wheat, barley, maize, sunflower, and rapeseed; produces grain crops and fruit trees for planting; and provides services related to various farming and technical events.

Contact Information

No contact information provided at the time of disclosure.

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