EBRD Provided EUR 50 Million Loan to the City of Zagreb

EBRD Provided EUR 50 Million Loan to the City of Zagreb

September 2022

The European Bank for Reconstruction and Development (EBRD) is providing a EUR 50 million loan to the City of Zagreb, the capital of Croatia and its largest city, to support its vital public utilities, including water and transport.

The EBRD’s loan will be on-lent as working capital to two critical infrastructure providers: Zagrebacki Holding (ZGH), the municipal holding entity responsible for water supply and wastewater collection, waste management, management and maintenance of public areas and public roads in the city; and Zagrebacki elektricni tramvaj (ZET), the public transport provider in Zagreb and surrounding towns.

This support will meet the liquidity and working capital needs of these critical infrastructure providers, and compensate for temporary revenue losses due to the COVID-19 crisis and the earthquakes that hit the Zagreb area in 2020, causing an estimated EUR 11 billion in damages.

September 2022

The European Bank for Reconstruction and Development (EBRD) is providing a EUR 50 million loan to the City of Zagreb, the capital of Croatia and its largest city, to support its vital public utilities, including water and transport.

The EBRD’s loan will be on-lent as working capital to two critical infrastructure providers: Zagrebacki Holding (ZGH), the municipal holding entity responsible for water supply and wastewater collection, waste management, management and maintenance of public areas and public roads in the city; and Zagrebacki elektricni tramvaj (ZET), the public transport provider in Zagreb and surrounding towns.

This support will meet the liquidity and working capital needs of these critical infrastructure providers, and compensate for temporary revenue losses due to the COVID-19 crisis and the earthquakes that hit the Zagreb area in 2020, causing an estimated EUR 11 billion in damages.