
Client
Information
The City of Subotica has requested a loan from the European Bank for Reconstruction and Development to finance the reconstruction of a Subotica Wastewater Treatment Plant. The technical concept was completed by April 30th 2003 and envisaged reconstructing and expanding the existing WWTP for a total cost of € 31 million, to be implemented in three phases over 10 to 20 years. The concept was presented to the municipality of Subotica and VODOVOD on May 16th 2003, and it has been approved in principle by both the City and the Company. |
- A bankable priority investment programme proposed to be financed by the EBRD. This priority investment programme includes a detailed project description and key output data. The cost effects of the project were presented (investment as well as operational costs). Furthermore, an institutional assessment of the company was drafted
- A tariff concept was developed based on gradual move towards full cost recovery, while considering the ability and willingness to pay and protection of the poor segments of the society
- A detailed financial analysis of the Company was presented to form baseline inputs for the EBRD’s financial due diligence