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29.05.2015 13:08
EBRD Issued Serbia with EUR 13 Million-Loan for Water Projects in Belgrade
The transaction occurred between the European Bank for Reconstruction and Development (EBRD) and the Belgrade Water Company public utility, which serves approximately 1.5 million residents
AUTHOR: publics.bg


  • © mitwa17, flickr.com

The European Bank for Reconstruction and Development issued the Serbian capital of Belgrade with a loan for several water infrastructure projects, including pipeline construction and a pipe relining project.
The transaction occurred between the European Bank for Reconstruction and Development (EBRD) and the Belgrade Water Company public utility, which serves approximately 1.5 million residents, trenchlessinternational.com reported.

The loan is being extended in two tranches: a committed tranche of up to EUR 8.5 million and an uncommitted tranche of up to EUR 4.5 million, respectively.

The proceeds of the first tranche will be used to fund improvements in the water supply system, in particular the construction of two new pipelines to distribute raw water from the Sava River to the Makis water treatment plant, the removal of sediment from Belgrade’s main water reservoir, and the relining of a water pipeline to transfer raw water from water-collection wells to an existing treatment plant.

The second tranche, subject to feasibility studies, will go towards upgrading the city’s main treatment plant.

Additional grant funding for the project is being provided by the EBRD Shareholder Special Fund and Austria.


TAGS: EBRD | European Bank for Reconstruction and Development | Serbia | Belgrade | water | sewage | loan | funding | pipeline | water treatment | waterworks | water supply 


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