September 12 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) is considering developing with German development bank KfW the Municipal Infrastructure Development Facility (MIDF) to provide senior loan finance for projects in municipalities as well as utility companies in the Western Balkans, the EBRD said on Thursday.
MIDF would cover projects from Albania, Bosnia and Herzegovina, Macedonia, Montenegro, Kosovo and Serbia, the EBRD said in a statement.
The funding will be used for infrastructure investments in water and wastewater, district heating, solid waste management, energy efficiency, public transport and other municipal infrastructure.
MIDF will carry out its operations in the region through local commercial banks by providing funded or unfunded risk-sharing and direct credit lines. The individual projects to be financed by MIDF through the Participating Banks are expected to have a minimum loan size of 100,000 euro ($132,810) and a maximum of 5.0 million euro, and a maximum maturity of 10 years.
($=0.753 euro)