Early Warning System

Regions

Europe and Central Asia

Geographic location where the impacts of the investment may be experienced.

Countries

Croatia

Geographic location where the impacts of the investment may be experienced.

Specific Location

City of Zagreb

Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.

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

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Voting Date

Oct 7, 2026

Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.

Borrower

Zagrebacki Holding d.o.o.

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Construction
Infrastructure
Transport

The service or industry focus of the investment. A project can have several sectors.

Investment Type(s)

Loan

The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

$ 80.76 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 70
Converted using 2026-07-31 exchange rate.

Loan Amount (USD)

$ 80.76 million

Project Cost (USD)

$ 80.76 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Other Related Projects

EBRD-56864 InvestEU Framework for Sustainable Transition II

Primary Source

Original disclosure @ EBRD website

Updated in EWS Aug 2, 2026

Disclosed by Bank Jul 30, 2026

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

As stated by the EBRD, the project consists of a senior loan of up to EUR 70 million, comprising a committed tranche of EUR 35 million and an uncommitted tranche of EUR 35 million, to Zagrebacki Holding d.o.o..

The Loan will finance the first stage of the City of Zagreb's Urban Revitalisation Improvement Plan, including:

(i) the development of underground parking facilities,
(ii) the installation of supporting infrastructure for bicycles, and
(iii) the preparatory works and infrastructure for the installation of electric vehicles (EV) charging stations at the Borrower's facilities.

The Project is expected to benefit from an InvestEU guarantee under the InvestEU Framework for Sustainable Transition II.

The Project will support implementation of the Urban Revitalisation Improvement Plan and address key urban mobility and transport challenges, in line with Zagreb's sustainable urban mobility plans. By relocating parking capacity underground and investing in sustainable mobility infrastructure, the Project is expected to reduce pressure on surface parking, improve urban public spaces by reallocating space to pedestrians and cyclists as well as introducing additional greenery in the streets surrounding the parking facility, promote more sustainable modes of transport and mobility and enhance accessibility across the City of Zagreb.

The Project will support demand reduction by enabling the replacement of on-street parking spaces with underground parking facilities, thereby freeing up public spaces and promoting walking, cycling and the use of public transport. It will also enable additional planting of trees and greening of the surrounding area, further improving the quality of the urban environment. Together, these measures are expected to contribute to reduced greenhouse gas emissions and local air pollutants from urban transport, while also alleviating congestion, improving pedestrian accessibility and enhancing the quality of the urban environment in the city centre.

The Project will strengthen the Borrower's resilience to cybersecurity risks by supporting improvements in its cybersecurity governance, processes and controls, with a particular focus on protecting the digital systems and services underpinning parking and garage operations. These measures are expected to improve the security, reliability and continuity of the Borrower's digital services and strengthen its capacity to prevent, respond to and recover from cyber incidents.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

European Bank for Reconstruction and Development (EBRD)

Private Actors Description

A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated on the company's website, Zagrebacki Holding d.o.o. provides a wide range of services that are grouped into business areas of utility, energy and market activities.

Private Actor 1	Private Actor 1 Role	Private Actor 1 Sector	Relation	Private Actor 2	Private Actor 2 Role	Private Actor 2 Sector
-	-	-	-	Zagrebacki Holding d.o.o.	Client	Infrastructure

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Client - Zagrebacki Holding d.o.o.:

Dinko Herman
Email: jgklaiceva@zgh.hr
Phone: +385 1 6420 000
Website: https://www.zgh.hr/en
Address: Ulica grada Vukovara 41 10000, Zagreb, Croatia

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

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 at: 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