Translated version of this PSD: Croatian
The proceeds of the proposed financing will be used for priority investments in the reconstruction of the water supply network and the extension of the wastewater collection network in the area of the City of Rijeka The planned investments in the water supply network will increase the quality of water supply services, while the extension of the wastewater collection network is essential for reaching EU and national targets for waste water service coverage.
The transition impact of the proposed transaction will be achieved through:
- Improved operating performance of the Company, and adherence to the best applicable procurement, environmental and financial reporting standards.
- Introduction of an adequate and transparent tariff formula
- Exploring of the regional consolidation and efficiency improvements potential in water supply and wastewater collection and treatment services in Croatia, fully in line with Croatia’s National Water Strategy.
Rijeka Water and Wastewater Company (KD Vodovod I kanalizacija d.o.o). Rijeka is a limited liability company incorporated in Croatia, providing water supply and wastewater collection and treatment services to the City of Rijeka and 8 neighbouring cities/municipalities. The Company is majority-owned (85 per cent) by the City of Rijeka, while the remainder is split among 8 neighbouring cities and municipalities.
Senior loan of up to EUR 13 million to the Rijeka Water and Waste water Company.
Up to EUR 13.75 million.
The proposed project has been classified B in accordance with the 2008 EBRD Environmental and Social (E&S) Policy, as the potential impacts are expected to be site specific and readily identifiable and addressed through mitigation measures.
The environmental and social due diligence for the project, which is on-going, includes an independent third party environmental and social audit to assess the Client’s management capacity and systems to manage environment, health, safety and labour issues in its operations and an analysis of the potential (future) E&S impacts and benefits. It will also assess the Client’s ability to carry out the Project in compliance with the Bank’s Performance Requirements.
An Environmental and Social Action Plan (ESAP) will be prepared for the project, and a Stakeholder Engagement Plan will be developed to include a grievance mechanism and information on environmental and social performance. A summary of the agreed Action Plan will be released to stakeholders.
This PSD will be updated when the results of due diligence are known.
Pre Loan Signing
TC 1: Environmental and social due diligence to include an environmental and social analysis of the project (EUR 25,000 funded from the Bank’s own resources).
Post Loan Signing
TC 2: Follow-on feasibility study to analyse the potential for regional consolidation of water supply and wastewater collection and treatment services in the broader City of Rijeka area. The study is expected to evaluate the feasibility and define concrete implementation models of the regional consolidation of water and wastewater companies covering the wider City of Rijeka area. (EUR 175,000 to be funded by an international donor or the Shareholder Special Fund).
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For business opportunities or procurement, contact the client company.
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Text of the PIP