SPLIT MUNICIPAL INFRASTRUCTURE FRAMEWORK LOAN

Promoter – Financial Intermediary

CITY OF SPLIT

Location

• Croatia

Description

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

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.

Objectives

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

Sector(s)

• Urban development - Construction

Proposed EIB finance (Approximate amount)

EUR 150 million

Total cost (Approximate amount)

EUR 350 million

Environmental aspects

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.

Procurement

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.

Status

Signed - 27/12/2023