EIB lends 207 mln euro to Croatia's Zagreb for infrastructure upgrades

The credit is the initial tranche of a 395 million euro EIB framework loan to support the city’s development in the next five years, the lender said in a press release.

The EIB loan will support Zagreb in financing projects for renewable energy, energy efficiency, social housing, schools, kindergartens, public transport and digital city services, as well as small-scale infrastructure projects, the bank said.

The EIB will also provide advisory services to Zagreb in preparing investment projects vital for enhancing the quality of life and business environment in the city.

“Zagreb is getting a strong boost to its impressive plan to improve vital urban infrastructure and we are very proud of our contribution to the green and sustainable chapter of the city's history,” said EIB vice-president Tereza Czerwinska.

($ = 0.930 euro)