Financing Yeremyan Group projects in agriculture and food processing
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Armenia

Financing Yeremyan Group projects in agriculture and food processing

Industry:
Agriculture
Financing type:
Project finance
Year:
2022
Status:
Current
$47.2m
Project amount
$36m
EDB share

Project overview

The project will finance a livestock complex, crop and fodder production on approximately 254.8 ha, and modernisation of existing assets, including a milk processing complex, central warehouse and meat processing workshop. It includes a dairy farm for 1,200 breeding cattle and a pig farm for 6,000 animals. Milk production is expected to rise to 11,000 tonnes, representing an additional 1.6% a year.

Project goals and objectives

Contribution to the objectives of the EDB's 2022–2026 Country Strategy for the Kyrgyz Republic

Task 3
Priority 3.1

Development impact

$30 m
annual increase in output in Armenia's economy
1.4 %
increase in Armenia's milk self-sufficiency
7 %
contribution to milk import substitution
300 jobs
created through the project

Sustainable development goals:

Cross-country cooperation

Cross-country

cooperation

Strengthening trade and economic cooperation
Development of a single financial market among the Bank's member states

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Financing Yeremyan Group projects in agriculture and food processing
Financing type:
Project finance
Financing type:
Private
Industry:
Agriculture
Armenia
2022
Status: Current
$ 47.2 m
Project amount
EDB share
Project overview

The project will finance a livestock complex, crop and fodder production on approximately 254.8 ha, and modernisation of existing assets, including a milk processing complex, central warehouse and meat processing workshop. It includes a dairy farm for 1,200 breeding cattle and a pig farm for 6,000 animals. Milk production is expected to rise to 11,000 tonnes, representing an additional 1.6% a year.

Project goals and objectives

Contribution to the objectives of the EDB's 2022–2026 Country Strategy for the Kyrgyz Republic

Task 3
Priority 3.1
Development impact
$30 m
annual increase in output in Armenia's economy
1.4 %
increase in Armenia's milk self-sufficiency
7 %
contribution to milk import substitution
300 jobs
created through the project

Sustainable development goals:

Cross-country cooperation
Strengthening trade and economic cooperation
Development of a single financial market among the Bank's member states