The European Bank for Reconstruction and Development (EBRD) has secured a 72.25 million Euro loan to build a waste processing power-production facility in the Belgrade suburb of Vinca, a statement said on Wednesday.
“Waste that has piled up over 40 years in Belgrade’s Vinča landfill will be cleaned up and new solid waste management facilities will be constructed thanks to a joint investment by international lenders,” the statement said.
It added that the EBRD is contributing the 72.25 million loan for its own account, while arranging a syndicated loan of 35 million Euro for participants. It will also “mobilise 21 million Eur in concessional finance funded by Taiwan ICDF”. The EBRD financing will be part of a wider package including the International Finance Corporation (IFC) and Oesterreichische Entwicklungsbank (OeEB) with loans of up to 72.25 million and 35 million Euro, respectively.
“The total investment will be mobilised by Beo Čista Energija Ltd., a special purpose vehicle formed by the global utility company SUEZ, the Japanese conglomerate Itochu and Marguerite Fund, a pan-European equity fund investing in renewables, energy and transport. The three companies entered a 25-year public-private partnership (PPP) with the City of Belgrade in 2017 for the first large-scale environmental infrastructure PPP investment in the Western Balkans region,” the EBRD statement said.
The investment includes the construction of an energy-from-waste facility, a facility for construction and demolition waste (CDW), the closing of the existing landfill and the construction of a new EU-compliant landfill. The power production facility will process an estimated 340,000 ton of household waste and treat 210,000 tons of CDW per year.