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Signature(s)

Amount
€ 49,000,000
Countries
Sector(s)
Croatia : € 49,000,000
Urban development : € 49,000,000
Signature date(s)
27/12/2023 : € 49,000,000

Summary sheet

Release date
6 June 2023
Status
Reference
Signed | 27/12/2023
20220905
Project name
Promoter - financial intermediary
SPLIT MUNICIPAL INFRASTRUCTURE FRAMEWORK LOAN
CITY OF SPLIT
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 150 million
EUR 350 million
Location
Sector(s)
Description
Objectives

The operation consists in a multi-sector framework loan to the City of Split.

The aim is to finance the multi-year investment programme of the municipality.

Additionality and Impact

The Project shall support a multi-sector investment programme of the City of Split in Croatia in the period 2023-2027. The Project will address a number of market failures that justify the use of public financing to address the investment gap. In particular the Project intervenes in provision of public goods and services (e.g. public infrastructure dedicated to public services for citizens, administration, transport and urban mobility, and energy efficiency) and is expected to generate numerous positive externalities (including energy savings and climate action), resulting in higher quality of services for citizens and businesses.

Importantly, the EIB will bring financial value added through the proposed municipal Framework Loan, enabling a faster absorption of EU grants, a positive signalling effect on the market and advantageous financing terms.

Environmental aspects
Procurement

The project is expected to contribute to climate action and environmental sustainability (CA&ES) objectives, in particular to climate mitigation and pollution prevention and control.

The promoter has to ensure that contracts for implementation of the project will be tendered in accordance with the applicable EU procurement legislation, Directive 2014/24/EU. 2014/25/EU 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.

Milestone
Under appraisal
Approved
Signed
19 June 2023
27 December 2023

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) - SPLIT MUNICIPAL INFRASTRUCTURE FRAMEWORK LOAN
Publication Date
5 Jul 2023
Document language
Main Topic
Lending
Document Number
169939065
Document Focus
Environmental Information
Project Number
20220905
Sector(s)
Regions
Countries
Publicly available
Download now

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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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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