In March 2007, within the framework of the second stage of financing the construction of the low-temperature logistics center for frozen and cooled food products in the Domodedovo district in the Moscow region, Vnesheconombank will provide credit resources worth 22 million US dollars. The project is being carried out by PLC Trio-invest incorporated in the group of companies Miratorg, a leading distributor and manufacturer of meat products in the Russian market.
In December 2006, Vnesheconombank arranged a line of credit for Trio-invest with the German Export Agency Euler Hermes AG to purchase storage equipment and IT systems produced by Dematic GmbH&Co. KG, Germany. Earlier in 2006, the International Finance Corporation (IFC), an investment subdivision of the World Bank provided initial funds worth 20 million US dollars to finance the construction.
Vnesheconombank and IFC act as the project’s co-creditors providing funds in the total amount of 57 million US dollars for a period of 10 and 9 years respectively. The two sides say the project’s implementation will have favorable impact on the socio-economic development of the entire region as the logistics center will bring qualitatively new standards to the Russian market in food products storage logistics and infrastructure and environmental safety.
The low-temperature logistics center Trio-invest is designed to store 24000pallets at temperatures of 0єC to -24єC at a time and it will make it possible to handle more than 3000 pallets and 70000 boxes per day.
Origin: Press office of Vnesheconombank
Contact person: Svetlana Nikitina
Phone: =7 (495) 208-46-93, Fax: +7 (495) 975-21-34
E-mail: press@veb.ru
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