Reference: 20180072
Release date: 28 June 2018

Promoter – Financial Intermediary

REPUBLIC OF SERBIA - MINISTRY OF PUBLIC ADMINISTRATION AND LOCAL SELF-GOVERNMENT

Location

Description

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

Objectives

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.

Sector(s)

Under ELM Guarantee

This operation is covered by the ELM Guarantee.

Proposed EIB finance (Approximate amount)

EUR 22 million

Total cost (Approximate amount)

EUR 30 million

Environmental aspects

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.

Procurement

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.

Status

Signed - 15/04/2019

Disclaimer

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

Related tags

Serbia Urban development Composite infrastructure