Strategic Moves - Regional Environmental Center for Central and ...

BOX 20: Case study — Environmental infrastructure project in SEE supported by the EBRD
Doboko Solid Waste Project, Serbia
(IPF), and with other multilateral development banks within the Western Balkans
Investment Framework (CEB, 2009).
The CEB finances projects related to the clean-up and protection of surface
waters and groundwater; the decontamination of soils and aquifers; the reduction
and treatment of solid and liquid waste; renewable energy production and energysaving
measures; air and noise pollution reduction; and cleaner means of transport
and transportation networks.
In Albania and Bosnia and Herzegovina, financial resources have been allocated
for projects related to the basic municipal infrastructure and environmental
protection, and to improving the performance of private and public companies
and utilities. In Croatia, the CEB allocated resources for the improvement of quality
of life on the islands through investments in the construction of municipal and
social infrastructure facilities and environmental protection. In Serbia, projects
were supported for the rehabilitation of local infrastructure damaged by a series of
landslides in 2005 and 2006 (CEB, 2006).
The European Investment Bank (EIB) is the financing institution of the European
Union, supporting viable capital investment projects fostering the policy
objectives of the EU. The EIB has been active in SEE countries for several years
and is progressively increasing its long-term lending in the region. Financing from
the EIB assists these countries in the EU integration process and helps them to
meet EU accession criteria. It also provides incentives for political and economic
reform. In 2008, the EIB concluded loan contracts in SEE countries reaching an annual
record level of EUR 577 million, bringing total EIB lending in the region to
EUR 3.1 billion since 1995. The EIB operates in SEE under a specific pre-accession
C H A P T E R 7
F I N A N C I N G E N V I R O N M E N TA L I N F R A S T R U C T U R E I N V E S T M E N T S
The proposed project involves the construction of the first regional solid waste landfill that will serve nine municipalities
in Serbia. The project will include two lines for the separation of recyclable materials, all the required
subsidiary facilities, infrastructure and a protected zone. The intended project includes three transfer stations,
transportation, and the closure and remediation of existing dumpsites financed through EAR funding and the
Serbian Government’s Eko fund.
The project will result in the first regional landfill fully compliant with the EU and the National Solid Waste Management
Strategy. It will provide a model to be replicated for the financing of other regional waste management
companies in Serbia and will promote the implementation of a nationwide solid waste management programme
creating new legal and institutional structures to support economies of scale, employ new technology and establish
best practice management techniques.
This is the first regional waste management project in Serbia focusing on tariffs for waste management services
that are based on cost-recovery principles. The project will introduce market-based structures and establish
a clear contractual basis among stakeholders for the provision of waste management services. A loan of up to
EUR 5 million from the total of EUR 11.9 million planned for the Doboko project has been secured through a municipal
support agreement between the cities of Cacak and Uzice and the EBRD.
S T R AT E G I C M O V E S 171