Projects in Croatia

Project Summary Documents

Project Summary Documents (PSDs) are disclosed for each project prior to Board consideration. They contain project descriptions, financial details, client information, environmental issues, tender guidelines, and contact details. PSDs for private sector projects are disclosed at least 30 days prior to Board consideration and for state sector projects, at least 60 days.

Project Summary Documents 

Signed projects

Board approval is the final stage in the project approval process. After Board approval, the EBRD and the client sign the deal and it becomes legally binding. Signed project lists reflect year-end data.

Signed projects  (0.1Mb) 

Case studies

Port of Dubrovnik Infrastructure Modernisation Project

The Bank has extended a loan of €26.5 million, in February 2005, to the Dubrovnik Port Authority for extension of the cruise berth area, including rehabilitation of the sea wall and the port paving. The Bank’s loan is guaranteed by the Ministry of Finance, but is expected to be fully repaid by the Port Authority from fees paid for berthing in the port. These civil works are a prerequisite for creating additional mooring space for cruise vessels and adding valuable land area for a planned private property development concession in the harbour (new passenger terminal).

The Bank’s loan requires that financing will include preparation of a medium term Business Plan as well as a Marketing Strategy, with particular focus on tariff policy and customer/market orientation. The Bank's involvement in the Project will result in private sector development of the port area in Dubrovnik and opening of a market, traditionally operated by state-owned enterprises, to the private sector. 

The model used in Dubrovnik, with the infrastructure upgrade linked closely to plans for private sector development of port property area, is expected to invite replication in other ports in the area.

Zagreb waste-water treatment concession

Zagreb's population of 900,000 will soon be able to appreciate cleaner surroundings thanks to EBRD support for the city's first ever waste-water treatment plant. Currently, waste water is discharged directly into the Sava River, causing serious pollution. An EBRD loan of €55 million, provided in 2001, will help the city to tackle this problem and to comply with EU environmental standards.

The EBRD's loan is being provided to Zagrebacke Otpadne Vode (ZOV), a private company chosen through an international tender to build, operate and maintain the treatment plant. Co-financing of €115 million has been provided by the German bank Kreditanstalt für Wiederaufbau (KfW). By lending directly to the concessionaire, the EBRD is allowing the city to use its own credit capacity for other important projects. In addition to building the plant, ZOV will also construct supporting infrastructure. Construction of the entire project is expected to take six years.

The city will control the private company through a long-term concession contract, which sets out the discharge standards that the waste water must meet. The project is an example of how public-private partnerships can produce important environmental benefits and should serve as a model for other Croatian cities.