Project number:


Business sector:

Municipal and environmental infrastructure

Notice type:


Environmental category:


Approval date:

06 Jul 2004



PSD disclosed:

13 May 2004

Project Description

The proposed project forms the initial phase of a larger programme.  This project will assist the City to develop a sustainable mobility strategy, modernise its bus fleet, prepare and tender a PPP concession for an off-street parking garage.  The Bank will provide a loan to Libertas for the acquisition of 40 buses, guaranteed by the city of Dubrovnik.
Phase 2 is expected to develop an off-street parking garage, to be financed, built and operated by a private sector contractor.

Transition Impact

  • Competition and market framework: The transition impact potential of the project stems from the improved commercialisation in the delivery of public bus services in the city, both through the Public Service Contract between the city and the company, and private sector participation in urban transport, which demands management through a future parking garage concession. 
  • Skills: a) Development of a marketing strategy for public transport will introduce a client-oriented approach by the company and the city in order to increase market share

    b) The transaction advisory services related to the Garage Parking PPP will enable city staff to gain experience in competitive procurement and contract awards, and establish model documents that might be used in future transactions.
  • Demonstration effect: The project will demonstrate: 
    a) how a city can manage mobility within a highly sensitive environment
    b) the linkages between the City Development Plan, land use authorisation, public transport and parking.

The Client

The Borrower will be Libertas, a Dubrovnik urban transport company. Libertas is majority owned and controlled by the city of Dubrovnik (76.3%), while remaining shares are owned by other smaller municipalities within the county
The city of Dubrovnik will provide a Municipal Support and Guarantee Agreement for this project.

EBRD Finance

The EBRD finance would be in the form of a loan of up to € 7.5 million to Libertas.

Project Cost

€ 9 million.

Environmental Impact

The project was screened B/1 requiring an Environmental Analysis. The EA will focus on confirming that the tender specifications address reduction of air emission and implementation of fuel efficiency requirements as well as quantifying the environmental benefits of the project. An environmental audit of the existing bus maintenance workshops will be needed to identify any environmental risks and liabilities due to possible poor environmental management (e.g. improper storage and disposal of oils and fuel).
The introduction of a new bus fleet will help develop public transport alternatives as well as reducing traffic congestion, noise and air pollution in Dubrovnik. The buses to be purchased will need to comply with Croatian standards for air emissions. The compliance with the EU environmental standards for urban buses is voluntary, but these standards should be used as a reference to ensure that the new buses make use of best available technology.

Technical Cooperation

Associated TC as a part of the project are:
  • Consultancy services to prepare a Dubrovnik Sustainable Mobility Strategy & Marketing Plan (€200,000). The TC will be non-reimbursable;
  • Transaction assistance to the city including technical, legal and financial advisory services (€300,000) to prepare, tender and award a Public-Private Partnership (PPP) contract for a parking garage.  The TC will be reimbursable, subject to the PPP contract award.

Company Contact

c/o Davor Indic, Principal Banker, EBRD
Tel: + 44 207 338 6877

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

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