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December 19 (SeeNews) - The EBRD said on Tuesday it is joining forces with the Croatian port city of Pula in the development of a sustainable urban mobility plan, financed by the Austrian government with a 195,700 euro ($231,108) grant.
The plan aims to utilise the European Union Integrated Territorial Investments (ITI), under which Pula has been allocated 30.6 million euro for the co-financing of public transport investments, the EBRD said in a statement.
The ITI is a new tool designed to be a more local form of policy-making, allowing for the bundling of funding from different sources and can be used for delivering the sustainable urban development objective, the bank noted.
"The sustainable urban mobility plan will be crucial in securing future investments, as well as beneficial development for the population, visitors and the environment", Davor Indjic, EBRD associate director, said.
The EBRD and Pula have been partners since 2006 when the bank provided a first loan to the city’s public transport company for the acquisition of green buses. The EBRD’s goal is to promote greater efficiency in and higher quality of municipal services.
In Croatia, the EBRD has supported over 18 projects in municipal infrastructure and financed 242 million euro of investments to date.
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