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Croatia’s Sibenik Gets EBRD Loan for Water Work as Tourism Booms

Dec. 21 (Bloomberg) -- The Croatian town of Sibenik won a 10 million-euro ($13.2 million) loan from the European Bank for Reconstruction and Development to upgrade its water system as tourism grows.

The loan to water and wastewater company Vodovod i odvodnja doo will help expand its sewage service and bring water supply in line with European Union standards, the London-based EBRD said in a statement on its website.

Sibenik, in central Dalmatia on the Adriatic coast, has become a tourist destination in the past two decades, straining water infrastructure, according to the statement.

To contact the reporter responsible for this story: Sally Bakewell in London at Sbakewell1@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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