Vasil Kisil & Partners has advised Corteva Agriscience, an agricultural division of DowDuPont, on signing a cooperation memorandum with the Poltava Regional State Administration to develop the road infrastructure in the Dykanka district of Central Ukraine.
According to the memorandum, which was signed on March 14, 2018, Pioneer Nasinnia Ukraine and Stasi Nasinnia agreed to help the local community of Stasi and invest in construction of a new public road to change traffic to and from Stasi Nasinnia seed production facility in the village while limiting impact on the rural area.
According to Vasil Kisil & Partners, "the investor is ready to allocate around USD 1 million during 2018 to the project." The Poltava Regional State Administration will be responsible for building and further maintenance of the new road.
According to Vasil Kisil & Partners, "the village community does not have sufficient authority to allot the land plot, rezone it, elaborate and approve the project design, obtain the permits, and commission and maintain the road. Therefore, the issue has been raised to the level of regional authorities."
The production facility of Stasi Nasinnia has been operating since 2013. DuPont Pioneer, a legal predecessor of DowDuPont, invested USD 56 million in the construction.