GrCF3 W2 - Belgrade Public Buildings - Extension (EBRD-57064)

Countries
  • Serbia
Geographic location where the impacts of the investment may be experienced.
Specific Location
City of Belgrade
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
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
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
Nov 25, 2025
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
City of Belgrade
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Infrastructure
  • Law and Government
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)
$ 4.63 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 4
Converted using 2025-11-25 exchange rate.
Project Cost (USD)
$ 9.25 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 8
Converted using 2025-11-25 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Dec 9, 2025

Disclosed by Bank Dec 3, 2025


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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.

According to the Bank’s website, the project consists of the provision of a senior loan in the amount of up to EUR4 million to the City of Belgrade (the "City" or the "Borrower"), as an extension to the Bank's existing loan of EUR5 million provided under the GrCF2 W2 - Belgrade Public Buildings Project (Project ID 51421).

The loan extension will be used to finance (i) a funding shortfall that emerged following the procurement process for the existing project, which will support implementation of energy efficiency ("EE") and associated structural improvements at the City Library and the Student Hospital (as originally planned), and (ii) expansion of the project scope to include the renovation of up to three additional public kindergartens in Belgrade.

The Project will be co-financed with an additional investment grant of up to EUR4 million and an additional technical assistance grant of EUR0.3 million for the works supervision, provided by the European Union ("EU") under the Instrument for Pre-Accession Assistance ("IPA") 2020.

The Project aims to support the substantial EE renovation of additional five public buildings in the city of Belgrade. The works consist of installation of thermal insulation, repair of building envelopes, the upgrade of heating, ventilation and cooling systems, and the replacement of lighting systems. EE improvements will help achieve energy cost savings and reduction of carbon dioxide emissions. The Project is a continuation of an existing project (Project ID 51421) which is currently under implementation and involves EE renovation of the Emergency Medical Institute.

The Project forms part of the Bank's wider engagement with the City of Belgrade under the EBRD Green Cities. The Project is a follow-on investment under Green Cities Framework 3 Window II (the "GrCF3 W2") and Belgrade's Green City Action Plan (the "GCAP"), which was approved in June 2021.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

Categorised B (2024 ESP).

Pollution prevention and waste management issues will be addressed through the implementation of ESMP. Measures for emergency preparedness and response, including responses to accidental spillages, are included in Project's ESMP. Temporary relocation of users and staff will be required during construction works for all five facilities. As a result, there will be no direct exposure of the public or employees working in the public buildings to construction-related risks such as noise, dust or safety hazards. Relocation activities are not expected to result in any risks.

All buildings included in the Project are existing facilities, and all planned reconstruction works will be carried out within publicly owned land. Furthermore, the Project is not expected to cause any restrictions in land use, loss of access to assets or services or any other impacts that would result in involuntary resettlement as defined by the EBRD ESR 5. The Project locations are situated in urban and semi-urban areas and outside biodiversity protected areas. Site visits and discussions with building representatives did not confirm the presence of roosting sites for birds or bats.

Three of the five Project buildings are protected under the national legislation for cultural heritage.

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

EBRD Finance: Senior loan of up to EUR 4 million - as an extension to the Bank's existing loan of EUR5 million provided under the GrCF2 W2 - Belgrade Public Buildings Project (Project ID 51421)

EU Grant: EUR 4,305,000 (composed of an investment grant of EUR 4 million and technical cooperation grant of EUR 305 thousands).


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.

The City of Belgrade
ana.miric@beograd.gov.rs
+381 11 3229-678
https://www.beograd.rs/en/
Dragoslava Jovanovica 2, Belgrade, Serbia

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

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How it works