EBRD loan agreement for Sisak wastewater project amended

A wastewater programme in Sisak, backed by the European Bank for Reconstruction and Development (EBRD), is the first IPA project to be carried out in Croatia and can serve as an example of a good and expertly prepared project as well as of excellent cooperation between the EBRD and local government, the EBRD director for Croatia, Vedrana Jelusic Kasic, said on Friday.

The EBRD is supporting the upgrade of the the wastewater infrastructure in the city of Sisak and neighbouring municipalities with a EUR 9.2 million loan.

Jelusic Kasic was speaking at the signing of amendments to the loan agreement. The project envisages a wastewater treatment plant that will serve 60,000 households. Under the amendments, the interest rate for the loan is reduced by 0.75 percent per year and repayment is to begin in mid-2017, when the system should be operational.

The EBRD has been an investor in Croatia since 1991 and has backed more than 170 projects to date totalling EUR 3.2 billion.

Last update: Fri, 06/11/2015 - 14:23
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