Pula Bus Renewal project (EBRD-48246)

Countries
  • Croatia
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jul 6, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
PULA PROMET
The holder of the loan, grant, or other investment.
Sectors
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 5.60 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 5,000,000.00
Converted using 2016-07-06 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Jun 19, 2017

Disclosed by Bank May 3, 2016


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Project Description
The EBRD is providing a EUR 5.0 million senior long term loan to Pulapromet d.o.o., the municipal public transport company providing transport and affiliated services in the wider area of City of Pula. The EBRD financing will be utilised for the modernisation of the bus fleet through procurement of new low-floor compressed natural gas buses.
Investment Description
  • European Bank for Reconstruction and Development (EBRD)
PULA PROMET is the municipal public transport company providing urban transport services in the Pula area.
Contact Information
Igor Skatar igor.skatar@pulapromet.hr 385 (0)52 222 677 385 (0) 52 222 677 Starih statuta 1/a 52100 Pula Croatia ACCOUNTABILITY MECHANISM OF EBRD The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.