Zagreb Waste Water Treatment - 3rd Phase (EBRD-49695)

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
Proposed
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
Nov 13, 2019
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
ZAGREBACKE OTPADNE VODE DOO
The holder of the loan, grant, or other investment.
Sectors
  • Technical Cooperation
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 22.02 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 20
Converted using 2019-11-13 exchange rate.
Project Cost (USD)
$ 66.06 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported 60
Converted using 2019-11-13 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Mar 17, 2020

Disclosed by Bank Sep 16, 2019


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Project Description

According to EBRD website, the provision of a long-term senior loan to Zagrebacke otpadne vode d.o.o., concessionaire of a local wastewater treatment plant, for the upgrade of the existing facility to tertiary treatment on order to meet EU/national environmental standards. The EBRD loan will support the upgrading of the existing wastewater treatment plant to tertiary treatment to meet EU/national environmental standards.

Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Contact Information

Ivan Covic
i.covic@innogy.com
+385 91 2231 134
Culinecka cesta 287, 10040 Zagreb, 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.