GrCF2 W2 - Split water purification project

signed

Provision of a senior loan to Vodovod i Kanalizacija d.o.o. Split (the "client"), a municipal company incorporated in Croatia providing water and wastewater services in the city of Split and the surrounding 3 cities and 9 municipalities for: (i) construction of a water purification plant in Split; and (ii) upgrade, construction and reconstruction of a system for improving water supply, collection of wastewater and its treatment in the Split-Solin and Kastela-Trogir agglomerations. The latter investments will be co-financed alongside EU-Cohesion Funds (around 70%) and nationally. Total project costs are estimated at EUR 358 million, of which the EBRD is envisaged to finance up to EUR 30 million. The project is envisaged as part of the Green Cities Framework 2 ("GrCF2"). The facility is designed to serve as a sector-wide catalyst for addressing environmental challenges at city level.