ANNOUNCEMENT 04 Oct 2015

On 04 October 2015, the EIB provided financing worth EUR 32 million (USD 36 million).

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

EIB, Project financing summary, 'Dubrovnik Airport Development', 04 October 2015.
https://www.eib.org/en/projects/loans/all/20140592

EIB, Project summary, 'Dubrovnik Airport Development', 04 October 2015.
https://www.eib.org/en/projects/pipelines/all/20140592

EIB, Financed projects list
https://www.eib.org/en/projects/pipelines/index.htm?q=&sortColumn=projectStatusDate&sortDir=desc&pageNumber=0&itemPerPage=25&pageable=true&language=EN&defaultLanguage=EN&yearFrom=2015&yearTo=2015&orCountries.region=true&orCountries=true&orSectors=true&orStatus=true

European Investment Bank. Press release. Croatia: EU Bank extends its presence and provides support to Dubrovnik Airport.
https://www.eib.org//en/press/all/2015-216-eu-bank-extends-its-presence-in-croatia-and-provides-support-to-dubrovnik-airport

Inception date: 04 Oct 2015 | Removal date: open ended

State loan

On 04 October 2015, the European Investment Bank (EIB) and Dubrovnik Airport D.o.o. signed an agreement worth EUR 32 million (approx. USD 36 million) for the project Dubrovnik Airport Development from Croatia. The total cost of the project is estimated at EUR 274 million.

According to the project description issued by the EIB, The project concerns the expansion and upgrade of Dubrovnik Airport to cater for future growth in traffic and improve safety and service standards. It includes additional passenger terminal and apron capacity, the rehabilitation of the runway and taxiways, the relocation of the fuel farm and a range of other important infrastructure improvements. The project will be co-financed with EU structural funds and JASPERS has assisted the Promoter with the preparation of the project and the application.

The objective of the project is defined as following: The project will enable the airport to cater for future growth in traffic and improve safety and service standards..

A state act in the GTA database is assessed solely in terms of the extent to which its implementation affects foreign commercial interests. On this metric, the investment support granted here is discriminatory.

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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