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EBRD supports wastewater collection and treatment and water supply modernisation in Montenegro

2010-12-14 00:00:00

Author(s):	Ina Coretchi
Date:	08 December 2010

€5.35 million loan to upgrade water supply system in the Municipality of Danilovgrad

The EBRD is supporting the modernisation of water infrastructure in the Montenegrin municipality of Danilovgrad with a €5.35 million sovereign loan to Montenegro to finance the construction of a wastewater network, a treatment plant and to upgrade the water supply.

Located in central part of the country, 16 kilometres from the capital Podgorica, in the valley of the Zeta River, Danilovgrad is a rapidly expanding urban municipality in need of an improvement to its wastewater services to meet increased water demand.

The EBRD loan will enable the municipality of Danilovgrad and its utility company to finance priority investments addressing urgent modernisation and development needs of the city. The project will bring significant environmental benefits to its citizens and to the region by eliminating non-treated effluent discharges into the Zeta River.

The Bank’s financing is complemented by €575,000 in technical assistance grants, funded by the Czech Republic and Germany, that will be used for project implementation and procurement support, as well for the development of a financial and operational performance improvement programme.

“The EBRD is pleased to contribute to the environment projects in Montenegro and to support improving the financial and operational efficiency of local utility companies. This project represents important step in the improvement of environmental standards,” said Mark Lorinc, Head of the EBRD Office in Montenegro.

“The construction of a wastewater collection system and treatment plant and modernisation of the water supply system is a key project for this municipality which will solve its crucial environmental problem and further improve conditions for the fast development of Danilovgrad,” said Dr. Igor Luksic, Deputy Prime Minister of Montenegro.

Overall, since the beginning of its operations in Montenegro the EBRD has invested over €200 million in various sectors of the country’s economy.

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Drepturi de autor Toate drepturile 2009