GrCF2 W2 - Belgrade Water Phase 2

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The EBRD is considering the provision of a senior loan of up to EUR 13 million to the Public Utility Company Belgrade Waterworks and Sewerage (the "Company" or "BVK"), to finance the refurbishment of the Jezero Water Treatment Plant ("WTP"), which forms part of the Belgrade's main water treatment complex "Makis", comprised of Makis 1, Makis 2, and Jezero WTPs (the "Project"). In addition, the Project involves construction of facilities for the collection and treatment of waste and process waters and sludge treatment to be financed with a Western Balkans Investment Framework ("WBIF") investment grant of EUR 2.9 million, approved in December 2017. The Project forms part of the Bank's engagement with the City under EBRD Green Cities, and is the second follow-on Green Cities investment with the City of Belgrade with the Project falling under the Green Cities Framework 2 - Window II ("GrCF2 W2").