Release date: 4 July 2023
Promoter – Financial Intermediary
CITY OF DUBROVNIKLocation
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
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).