Release date: 12 July 2011
Promoter – Financial Intermediary
The Ministry of Regional Development, Forestry and Water Management of Croatia
Location
Description
The project will comprise a large number of small-sized schemes in the field of energy, transport, urban renewal, education, health and environmental protection.
Objectives
Addressing of the long-term needs of the Croatian economy and reduction of its regional inequalities in line with the country’s Act on Regional Development and National Strategy. Development of human capital, efficient public services and economic and social infrastructure, in line with the three pillars (economic, social and environmental) of the Europe 2020 Strategy.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 25 million
Total cost (Approximate amount)
EUR 50 million
Environmental aspects
The project is a multi-sector, multi-scheme operation classified as a Framework Loan. Some of the schemes may eventually fall under Annex I or Annex II of EIA Directive 85/337/EEC, amended by Directives 97/11/EC and 2003/35/EC. Should any scheme have a negative impact on an area forming part of the Natura 2000 network or similar (i.e. falling under Habitats Directive 92/43/EEC or Birds Directive 79/409/EEC), the Bank would require the promoter to act according to the provisions of the aforementioned Directives as transposed into national law. It will be required that all the schemes will be implemented in compliance with the EU environmental legislation.
Procurement
The legal documentation will oblige the promoter to ensure that any procurement procedures are done in accordance with EIB Guidelines and the relevant applicable EU rules. Procurement procedures under this Framework Loan will include publication of contracts notices in the EU Official Journal, if and where appropriate. Projects with values below the EU thresholds will be procured according to the provisions laid down in national legislation.
Status
Signed - 18/10/2011
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).