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ZAGREB (Croatia), January 15 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) plans to provide a senior loan of up to 4.5 million euro to co-finance, alongside EU Cohesion Funds, a wastewater project in Croatia's coastal city of Zadar.
The total cost of the project for the reconstruction and expansion of the wastewater network is estimated at 78.5 million euro ($87.4 million), the EBRD said in a statement on Tuesday.
The project includes the rehabilitation and upgrade of 91 kilometres of wastewater network and the upgrade of two existing wastewater treatment plants to reach EU and national environmental standards. It will also increase connectivity to the wastewater system by creating access for some 95% the population in the area, up from current 75%, the EBRD said.
The EBRD will extend the loan to municipal utility company Odvodnja that provides wastewater services to some 78,000 people in Zadar, Croatia's fifth-largest city. The company is wholly-owned by the city of Zadar. It manages 185 kilometres of wastewater collection system, 19 pumping stations and 2 wastewater treatment plants.