A large-scale agricultural project is starting in the Belz community of the Lviv region, which involves the construction of a modern elevator with a capacity of up to 30,000 tons of grain, as well as the creation of a dry port. This initiative is part of a nationwide strategy for modernizing the agricultural sector, which includes the development of a network of logistics hubs, bioclusters, and innovative enterprises for the export and deep processing of agricultural products.
This is reported by Finway
Strategic Cooperation for Agricultural Infrastructure Development
As part of the project, a memorandum of cooperation has been signed between the Lviv Regional State Administration, the regional council, the Belz City Council, and AgHoldCo. AgHoldCo will cover the majority of the funding with the support of the investment fund UAF Partners. The company will provide about 80-85% of the total investment in construction.
“This is the beginning of a large-scale project that involves hundreds of grain storage facilities across Ukraine, a network of dry ports, modern logistics hubs, deep processing plants, bioclusters, new export opportunities, and technological renewal of the agricultural sector. We are starting from Lviv region,” he detailed.
Investments and Implementation Timeline
The start of construction work is planned for this year. Funding will come not only from AgHoldCo but also through loans from the Danish Export Credit Agency EIFO, which will provide $12 million for each elevator. Local authorities will also actively participate in the funding: the Belz community will invest no less than $3 million in each of the sub-projects.
Thanks to the implementation of this project, Lviv region is expected to receive a significant boost for the development of agricultural logistics and to enhance the competitiveness of Ukrainian exports in international markets.