| Project Detail |
Project Description
Provision of a EUR 1 million senior loan to Sparkasse Lizing DOO Skopje, a leasing company operating in North Macedonia, under the Competitiveness Support Program - Western Balkans ("CSP-WB").
Project Objectives
The loan will provide financing to sub-borrowers for investments in vehicles and equipment that are designed to improve compliance with one or more of the EU Directives in the field of environmental protection, workers safety and product quality and safety. More specifically, sub-borrowers will use funds to lease EURO 6 trucks, semi-trailers, vans and construction machines. At least 60% of the use of proceeds will be related to GET investments. The Project Consultant ("PC") will physically assess the successful implementation and completion of all sub-projects. |
