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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
Link to source

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.

Link to source
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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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Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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