KYIV. Feb 2 (Interfax-Ukraine) – PJSC State Food and Grain Corporation plans in 2016 to modernize elevator capacities for $150 million from the first tranche of a credit from the Export-Import Bank of China.
According to the press service of the agency, this will allow to increase the volume of grain reception and significantly improve the competitiveness of enterprises.
First Deputy Minister of Agricultural Policy and Food Yaroslav Krasnopolsky in November 2015 reported on the negotiations with the Chinese side about the possibility of obtaining $300 million for the modernization of the corporation’s elevators within the first tranche of a loan from the Export-Import Bank of China for $1.5 billion.
According to him, following a meeting of the subcommittee held in China, a group of four signatories of the agreement (Export-Import Bank of China, Ukreximbank, CCEC, State Food and Grain Corporation) was set up to clarify all the nuances of the implementation of the corporation’s credit agreement.
