The proposed project consists of a EUR 5 million senior long term loan to Pulapromet Ltd, municipal public transport company, for renovation of the bus fleet, i.e. purchase of up to 22 new buses.
The proposed project is expected to provide transition impact through the following:
Improved commercialisation and corporate governance of the company, including introduction of the Municipal Support Agreement (MSA) and Public Service Contract (PSC);
Development of a sustainable transport strategy in the City of Pula with preparation for private sector participation in parking;
- Providing framework for markets and demonstration effect -replication of transaction structure, notably use of MSA and MC in traffic management sector in Croatia
Pula Promet Ltd, the municipal public transport company providing transport and affiliated services in wider Pula area. The City of Pula will provide project support through MSA.
The EBRD is expected to provide a long-term senior loan of approximately EUR 5 million to the City.
The proposed project is expected to cost approximately EUR 6.6 million.
The project has been screened B/1.
The introduction of a new bus fleet (Euro II and Euro III standards) will help develop public transport alternatives as well as reduce traffic congestion, noise and air pollution in the City of Pula. The buses to be purchased will need to comply with national and EU standards for air emissions. An environmental audit of the existing bus maintenance workshop(s) 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 Environmental Analysis will focus on confirming that the tender specifications address reduction of air emission and implementation of fuel efficiency requirements and accessibility, as well as on quantifying the environmental benefits of the project. The OT will need to liaise with ED in order to complete environmental due diligence prior to Final Review.
The consultants funded under the Framework for Technical Assistance to Croatian Municipalities (Funded by the Government of Netherlands) will assist in project preparation and as follows:
Pre-signing phase (EUR 50,000) - Project preparation, including assistance with the Procurement of Buses, Environmental Audit and preparation of a Public Service Contract;
- Post-signing – TC funding to be identified :
Post-signing phase (EUR 250,000) - Sustainable transport strategy study that will examine options and produce recommendations related to:
(i) commercialisation and restructuring for public transport system;
(ii) institutional strengthening within the City, including a Public Transport Management Unit to manage the sector;
(iv) parking strategy and investment development plan and
(v) private-public-partnership options for the development of the new parking facilities in the City.
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
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