This project is still under review by the EWS. Project information and/or project analysis may be incomplete.
Corridor Vc Completion Project (EBRD-41325)

  • Croatia
Geographic location 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
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 26, 2010
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.
Investment Amount (USD)
Not Disclosed
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
Primary Source

Original disclosure @ EBRD website

Disclosed by Bank Aug 26, 2010

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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.
PROJECT DESCRIPTION The EBRD is considering providing a EUR60.7 million facility to Croatian Motorways ("HAC"), the state-owned company in charge of the motorway network in Croatia, to finance the construction of 12.53 km of motorway sections along Corridor Vc in Croatia connecting the northern and southern ends of the corridor at the border with Bosnia and Herzegovina (BiH). The loan will be guaranteed by the Republic of Croatia. The Project will be co-financed by EIB. TRANSITION IMPACT The Project will support the development of Corridor Vc as an integrated regional corridor by ensuring the physical continuity of the corridor on Croatian territory and connecting it to the Croatian motorway network. It will also facilitate improvements in the safety and efficiency of border-crossings on this corridor with Bosnia and Herzegovina. THE CLIENT The client is HAC, which is responsible for developing and maintaining the motorway network and other tolled activities in Croatia. HAC was established by Government decree on 9 April 2001 as a state-owned limited liability company, following the restructuring of the Croatian Road Authority. HAC reports to the Ministry of Sea, Transport and Infrastructure. EBRD FINANCE The Project involves the provision of a sovereign guaranteed loan by the EBRD to HAC of up to EUR60.7 million. PROJECT COST The total project cost is EUR166.30 million. ENVIRONMENTAL IMPACT Categorisation and justification TECHNICAL COOPERATION The following technical co-operation funds are envisaged as part of this project to:
Investment Description
Here you can find a list of individual development financial institutions that finance the project.

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.
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 or you can submit a complaint online using an online form, You can learn more about the PCM and how to file a complaint at

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