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    Signature(s)

    Amount
    € 22,000,000
    Countries
    Sector(s)
    Serbia : € 22,000,000
    Composite infrastructure : € 11,000,000
    Urban development : € 11,000,000
    Signature date(s)
    15/04/2019 : € 11,000,000
    15/04/2019 : € 11,000,000

    Summary sheet

    Release date
    28 June 2018
    Status
    Reference
    Signed | 15/04/2019
    20180072
    Project name
    Promoter - financial intermediary
    PARTNERSHIP FOR LOCAL DEVELOPMENT
    REPUBLIC OF SERBIA - MINISTRY OF PUBLIC ADMINISTRATION AND LOCAL SELF-GOVERNMENT
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 22 million
    EUR 30 million
    Location
    Sector(s)
    Description
    Objectives

    The project consists of the revitalisation of public infrastructure in the most deprived and poorest municipalities in Serbia.

    This project will boost the capacities of communities to withstand exogenous shocks (e.g. economic, migrant transit, natural disaster, etc.) by upgrading public infrastructure, expanding job opportunities and increasing the cost effectiveness of local public services. The project will contribute in varying degrees to the Bank's external lending mandate, which aims to foster regional integration among partner countries, improve economic infrastructure, address climate change and stimulate local private sector growth.

    Environmental aspects
    Procurement

    The project is comprised of small investments in public infrastructure that are unlikely to trigger the requirement for an Environmental Impact Assessment (EIA) and an overall positive environmental and social impact is expected. However, the promoter and the Project Implementation Unit (PIU) will be required to act according to the provisions of the relevant EU Directives, including the Strategic environmental assessment (SEA) Directive (2001/42/EC), the EIA Directive (2014/52/EU amending 2011/92/EU), the Habitats Directive (92/43/EEC) and the Birds Directive (2009/147/EC). In schemes requiring an EIA, the promoter's PIU will be requested to deliver the Non-Technical Summary (NTS) to the Bank.

    The Bank will require the promoter to ensure that any procurement procedures are done in accordance with the Bank's Guide to Procurement and the relevant applicable EU public procurement rules.

    Under ELM Guarantee

    This operation is covered by the ELM Guarantee.

    Other links

    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) - PARTNERSHIP FOR LOCAL DEVELOPMENT
    Publication Date
    8 Nov 2018
    Document language
    Main Topic
    Lending
    Document Number
    83897315
    Document Focus
    Environmental Information
    Project Number
    20180072
    Countries
    Publicly available
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    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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    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.

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    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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