The European Investment Bank (EIB) said on Thursday it signed a 49 million euro ($53 million) loan with the Croatian city of Split to fund public infrastructure investments in order to improve services and quality of life, and support green transformation.
"The operation will help provide better public services in Croatia’s second largest city and enhance the quality of life of its 180,000 residents," EIB said in a press release.
This is the EIB’s first flagship municipal operation in Croatia, with this transaction granting the first tranche under a 150 million euro framework loan agreement with the city of Split. It will foster integrated sustainable urban renewal and development by renovating public buildings, improving urban mobility and upgrading open public spaces and green areas.
Under the EIB framework loan, the bank will support eligible investment schemes to refurbish public buildings and open spaces, increase energy efficiency and improve technical equipment for public information and communication. It will also back investments in intelligent transport solutions to enhance access to sustainable public transport and cycling.
(SeeNews, February 1, 2024)
