DUBROVNIK URBAN DEVELOPMENT FRAMEWORK LOAN

Promoter – Financial Intermediary

CITY OF DUBROVNIK

Location

• Croatia

Description

The project represents a municipal framework loan supporting a multi-annual investment programme of the City of Dubrovnik in Croatia. The operation will support improvements related to public infrastructure belonging to various sectors of municipal economy, such as urban mobility, education, social services, culture and recreation, water management, energy efficiency, and others.

Objectives

The proposed municipal framework loan will support eligible schemes coherent with the City of Dubrovnik development strategy. It will contribute to modernisation of municipal public infrastructure and services.

Sector(s)

• Urban development - Construction

Proposed EIB finance (Approximate amount)

EUR 70 million

Total cost (Approximate amount)

EUR 180 million

Environmental aspects

The Bank will generally allocate its funds only to eligible schemes which are environmentally sound. All schemes must comply with EU environmental legislation as well as comply with the principles and standards of the Bank's Environmental Policy Statement.

Procurement

The promoter is subject to the public procurement regime. The Bank will require the promoter to ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation: Directive 2014/24/EU, Directive 2014/25/EU, as well as Directive 92/13/EEC and 89/665/EEC as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU (OJEU), as and where required.

Status

Approved - 29/09/2023