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|Date:||18 December 2012|
The EBRD is supporting the modernisation of municipal infrastructure in the Croatian town of Šibenik with a €10 million loan to co-finance the upgrade of its wastewater infrastructure.
The EBRD is extending the loan to Vodovod i odvodnja d.o.o., the municipal water and wastewater company operating in the town of Šibenik and surrounding areas.
Šibenik, a historic town in central Dalmatia and on the Adriatic coast, has developed into a major tourist destination over the last two decades. Šibenik’s sustainable growth relies on significant infrastructure development to service the needs of its residents and a growing number of domestic and international visitors.
The EBRD investment targets improvements in the wastewater infrastructure that will enable the municipal water operator to expand the coverage of its sewage service and bring the water supply system in line with EU and national standards.
In addition, the upgrade of wastewater infrastructure in the eastern part of Šibenik will contribute to the development of the business zones of Ražine-TLM and Podi. The latest methods in wastewater treatment will enable controlled discharge of treated wastewater – an essential step towards making a benchmark for environmental standards on the Adriatic coast.
An additional grant from the Czech and Austrian governments will help the municipal water operator further improve its performance.
“The EBRD-supported upgrade of the wastewater network will contribute to a better quality of life for Šibenik residents and will help realise the city’s industrial and tourismpotential.” said Zsuzsanna Hargitai, EBRD Director for Croatia and Hungary.
“The construction of wastewater collector in the eastern part of the city will raise the standards of civilisation and will make the quality of life of our fellow citizens better. It will also give a push to future economic development of Šibenik”, said dr. Ante Starčević, Mayor of Šibenik.
Since the beginning of its operations in Croatia, the EBRD has invested over €2.5 billion in 133 projects in the country, mobilising over €4 billion of investment from other sources of financing.
Last updated 18 December 2012
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