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EBRD mulls 10 mln euro loan to finance infrastructure project in Kosovo

EBRD mulls 10 mln euro loan to finance infrastructure project in Kosovo Source: EBRD.

PRISTINA (Kosovo), January 11 (SeeNews) – The European Bank for Reconstruction and Development said it is considering a sovereign loan of up to 10 million euro ($11.5 million) to finance a project to extend an existing industrial zone in Kosovo’s municipality of Drenas.

Kosovo’s ministry of trade and industry has approached the EBRD with a request to finance the project, the bank said in a procurement notice published on Thursday.

In this context, the bank said, it is seeking to engage a consultant to assist with technical, financial and operational, environmental and social due diligence for the proposed project prior to EBRD making its financing decision.

The consultant's assignment is expected to start in first quarter and has an estimated overall duration of 5 weeks.The estimated cost of the assignment is up to 250,000 euro, exclusive of VAT. The deadline for submitting bids is February 7.

“It is anticipated that the contract will be financed by the EBRD Shareholder Special Fund,” the bank said, adding that interested firms or groups of firms are invited to submit a technical and financial proposal.

($ = 0.86725 euro)

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