| Project Detail |
Provision of a sovereign loan of up to EUR 50m to the Republic of Serbia (the "borrower", the "client"). The loan proceeds will be used to finance: 1) critical improvements in solid waste management systems across a number of secondary Serbian municipalities, (2) introduction of a multi-regional primary sorting system within 4 existing solid waste regions, and 3) project supervision costs (the "project").The project will consist of 8 sub-projects which will be split into two phases based on project readiness. Phase 1 will entail the development of 4 new regional waste management centres ("RWMC"), while Phase 2 will comprise the construction of 3 new RWMCs and a multi-regional primary sorting system in 4 existing RWMCs. The total project cost of EUR 100m will be co-financed on a 50:50 basis with the French Development Agency ("AFD").
Project Objectives
The project aims to support the development of integrated and modern solid waste management systems compliant with EU standards via (i) the establishment of RWMCs articulated around a regional centre covering several municipalities (particularly for the regional sanitary landfill); (ii) the establishment of primary sorting/recycling systems (material recovery facilities); and (iii) the treatment and recovery of biodegradable waste. Other investments relating to the infrastructure necessary for collection (waste bins/containers, vehicles and transfer stations) will also be included in the scope of the project. |
