The ability of Russia’s largest fruit and vegetable logistics company to ship its products across its vast home market will be improved by a US$70m loan from the European Bank for Reconstruction and Development.
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The JFC Group will use the money to build and equip “state of the art” storage, packing and distribution terminals, (and specialist fruit ripening facilities), in central and more remote regions in Russia.
The bank said the project would develop modern retail services across Russia, boosting “productivity, efficiency and skills”. It added: “The ultimate beneficiaries are the end-consumers who will have increased choice and improved quality for fruit and vegetables in the regions”.
