CROATIA ROLLING STOCK (EIB-20240295)

Countries
  • Croatia
Geographic location where the impacts of the investment may be experienced.
Specific Location
Jadranska Hrvatska and Kontinentalna Hrvatska
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 Investment Bank (EIB)
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
U
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
Aug 8, 2024
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
Government of Croatia - Ministry of Maritime Affairs, Transport and Infrastructure
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • 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)
$ 123.34 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 113
Converted using 2024-08-08 exchange rate.
Project Cost (USD)
$ 169.18 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 155
Converted using 2024-08-08 exchange rate.
Bank Documents
Other Related Projects
Primary Source

Original disclosure @ EIB website

Updated in EWS Sep 3, 2024

Disclosed by Bank Jun 19, 2024

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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 Company’s website, this is an allocation under the EIB's signed project "Railway Development Framework Loan Croatia (2022-0660).

The present operation will finance investments into new passenger rolling stock to be used under a public service contract. In detail, it supports the purchase of:
(i) six bi-mode (diesel-electric) multiple units to operate regional and intercity services on the route from Zagreb to Split
(ii) four battery only powered multiple units to operate in the Split and Istrian region
(iii) four battery-electrically powered multiple units on the routes Zagreb-Krapina and Zagreb-Bjelovar.

The aim of the new rolling stock is to replace the current outdated and technologically obsolete units.

The Project is located in two transition regions (Jadranska Hrvatska and Kontinentalna Hrvatska), thus improving their accessibility and the mobility of their population.

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

The acquisition of the new rolling stock will be implemented by HZ Putnicki prijevoz (HZ Passenger Transport Limited Liability Company) - a transport company that offers public railway transport along with supporting facilities like food and storage.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - HZ Putnicki prijevoz (HZPP) Undisclosed -

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.

No contacts available at the time of disclosure.

HZ PUTNICKI PRIJEVOZ d.o.o. za prijevoz putnika
(HZ Passenger Transport Limited Liability Company)

Headquarters: Zagreb, Strojarska  cesta 11

Contact:
+385 1 3783 061
+ 385 1 4577 604  

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.eib.org/en/infocentre/registers/request-form/request-form-default.htm

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When dissatisfied with a complaint to the EIB Complaints Mechanism, citizens can then turn towards the European Ombudsman. A memorandum of Understanding has been signed between the EIB and the European Ombudsman establishes that citizens (even outside of the EU if the Ombudsman finds their complaint justified) can turn towards the Ombudsman on issues related to 'maladministration' by the EIB. Note that before going to the Ombudsman, an attempt must be made to resolve the case by contacting the EIB. In addition, the complaint must be made within two years of the date when the facts on which your complaint is based became known to you. You can write to the Ombudsman in any of the languages of the European Union. Additional details, including filing requirements and complaint forms, are available at: http://www.ombudsman.europa.eu/atyourservice/interactiveguide.faces

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