Adriatic Town of Sibenik in Line for Development Bank Water Loan

The Adriatic coastal town of Sibenik is in line for a European Bank for Reconstruction and Development loan for water utility works to modernize and enlarge pumping stations, pipes and the wastewater network.

Vodovod i Odvodnja d.o.o. plans to use 10 million euros ($13.6 million) of proceeds from the development bank to finance the project construction works in the Croatian town, the EBRD said yesterday on its website.

To contact the reporter on this story: Randall Hackley in London at rhackley@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net

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