GrCF-Energy Efficient Refurbishment of Zenica Hospital

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The Project is focused on the energy efficient refurbishment of the Zenica Cantonal Hospital ("the Hospital") fully owned by Zenica-Doboj Canton ("the Canton"). For this purpose, the EBRD provision of a sovereign loan of EUR 10.0 million ("the Loan") to be on-lent via the Federation of Bosnia and Herzegovina ("FBiH") to the Canton. In addition, the Project will be co-financed by a Regional Energy Efficiency Programme ("REEP") investment grant of EUR 1.0 million, and will benefit from Technical Cooperation support of EUR 0.7 million. EBRD's financing will be used to finance the most urgent infrastructure needs of the hospital: energy efficient refurbishment of existing facilities, increase of the hospital's usable area through construction of an energy efficient extension as well as solving the problem of periodic flooding of the basement. Overall, the Project's investments will have large scale environmental benefits and will considerably increase thermal comfort and quality of service for the patients of the hospital, estimated at 310,000 people annually. The operation is a sub-project under the Green Cities Framework ("GrCF") which is established to provide loans to governments, municipalities, municipal owned and private companies providing municipal services. The over-arching aim of the GrCF is to serve as a sector-wide catalyst for addressing environmental challenges at the Municipal/City level.  This is underpinned through the implementation of a Green Cities Action Plan ("GCAP"), which is a strategic document whereby environmental challenges are benchmarked, priority areas for environmental improvements identified, environmental objectives defined and indicative investments determined. The relative loan agreement and project agreement were respectively signed in June 2018 and July 2018.