UkraineInvest to Support €55 Million Grain Elevate Agri-Logistics Project in Lviv Region
Дмитро Ковальський | Dmytro Kovalskyi
2 min read
The State Investment Promotion Agency UkraineInvest and the company Grain Elevate have signed a cooperation memorandum aimed at supporting the implementation of a major investment project in agri-logistics and agricultural processing.
Successful implementation of the project will enhance the country’s agricultural security and aid in its recovery, noted sectoral experts interviewed for this article.
Modern Grain Elevator and Agri-Processing
The project involves the construction of a modern grain elevator complex in the Lviv region with a simultaneous storage capacity of up to 40,000 tons of grain. The next stage envisages the development of processing capacities for rapeseed, as well as the production of protein-based raw materials for the food and medical industries.
The total investment in the project is estimated at approximately €55 million.
Alignment with Strategic Priorities of the Agrisector
The Grain Elevate project aligns with Ukraine’s strategic priorities for the development of the agro-industrial complex, particularly in expanding storage and processing capacities for agricultural products. It also holds significant potential for integration into regional and European supply chains.
Economic Impact and Significance for the Region
The project’s implementation aims to partially address the acute shortage of grain storage capacities in Ukraine, which has been significantly exacerbated by the war. Furthermore, the project will contribute to the development of logistics infrastructure in the west of the country, create new jobs, and stimulate economic activity at the local level.
The choice of the Lviv region is driven by its high potential for cross-border logistics and proximity to European Union markets.
One-Stop-Shop Project Support
UkraineInvest will provide comprehensive support for the project during its preparation and implementation stages, operating on a one-stop-shop principle. The support will include advisory assistance, facilitation of interaction with state authorities, financial institutions and other stakeholders, consultations on access to financing, insurance, and state support programs, as well as help in resolving operational issues that may arise during the project implementation.
