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    Signature(s)

    Amount
    € 23,000,000
    Countries
    Sector(s)
    Croatia : € 23,000,000
    Services : € 23,000,000
    Signature date(s)
    30/12/2019 : € 8,000,000
    30/12/2019 : € 15,000,000

    Summary sheet

    Release date
    15 January 2020
    Status
    Reference
    Signed | 30/12/2019
    20180358
    Project name
    Promoter - financial intermediary
    ISTRA CAMPING SITE MODERNISATION
    VALAMAR RIVIERA DD ZA TURIZAM
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 23 million
    EUR 56 million
    Location
    Sector(s)
    • Services - Accommodation and food service activities
    Description
    Objectives

    The project concerns the modernisation and development of the existing facilities and infrastructure of the Istra camping site, operated by a leading local tourism operator, which benefits mostly families with children. This is a follow-up operation of the Istrian Riviera Development project.

    In line with local and national sector policies, as well as evolving market trends, the project aims to modernise ageing tourism infrastructure to address an increasing customer demand, ensure a further diversified offer of services and facilities and enhance safety standards.

    Environmental aspects
    Procurement

    This project concerns investments in tourism infrastructure. The proposed investments may fall under Annex I or II of Environmental Impact Assessment (EIA) Directive 2011/92/EU (as amended by Directive 2014/52/EU), requiring a full Environmental Impact Assessment or EIA screening by the national competent authority on the basis of Annex III to determine the need for a full EIA. If a specific investment is subject to an EIA, the Promoter will be required to provide the Bank with a copy of the non-technical summary (NTS) of the EIA, or provide a website link to the location where the document is published in compliance with the EIB's Public Disclosure Policy. The Promoter will confirm that the project incorporates all mitigating measures recommended as a result of the EIA. Where relevant, the promoter shall obtain written confirmation from the competent authority that the investment will not have any significant negative impact on sites of nature conservation importance, including sites protected under the "Habitats" and "Birds" Directives (92/43/EEC and 2009/147/EC respectively) and the associated Natura 2000 network.

    The Promoter has been assessed by the EIB as being a private company not being subject to EU rules on public procurement or concessions. However, if after the project appraisal, the EIB were to conclude that the Promoter is after all subject to EU public procurement legislation, Directive 2014/23/EU / 2014/24/EU or 2004/18/EC / 2014/25/EU or 2004/17/EC, where applicable, then the Bank would require the Promoter to ensure that contracts for the implementation of the project have been tendered in accordance with the relevant applicable EU procurement legislation, Directive 2014/23/EU / 2014/24/EU or 2004/18/EC / 2014/25/EU or 2004/17/EC, where applicable, as well as Directive 92/13/EEC or Directive 89/665/EEC, as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Data Sheet (ESDS) - ISTRA CAMPING SITE MODERNISATION
    Publication Date
    8 Apr 2020
    Document language
    Main Topic
    Lending
    Document Number
    88354027
    Document Focus
    Environmental Information
    Project Number
    20180358
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Completion Sheet (ESCS) - ISTRA CAMPING SITE MODERNISATION
    Publication Date
    20 Dec 2022
    Document language
    Main Topic
    Lending
    Document Number
    165159187
    Document Focus
    Environmental Information
    Project Number
    20180358
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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