Construction of new Port of Zadar in Croatia
Luxembourg, Luxemburg – The European Investment Bank (EIB) is lending EUR 100 million to the Port of Zadar Authority (Lucka Uprava Zadar) to finance the construction of the infrastructure of the new ferry port for Zadar, which will be located at Gazenica, 3.5 km south of Zadar’s city centre. The project is being co-financed by the EIB, Germany’s KfW (which will lend EUR 120 million) and the Croatian Government (which will provide the remainder).
The EIB loan will finance the design, supervision, and construction of the infrastructure of the new port and other related works, including the necessary environmental mitigation measures. It will support, for example, the maritime works, including undersea rock excavation, construction of a secondary breakwater, reclamation of about 23.7 ha of land and the construction of a new fishing port.
In addition, the new port will provide additional berthing capacity for larger international ferries and modern cruise ships and international standard onshore facilities for passengers and vehicles. Draught depths in the new ferry port will range from 6 metres at the islands terminal to 13 metres at the cruiser berths of the international terminal.
Mr Matthias Kollatz-Ahnen, EIB Vice-President, commented: “I appreciate very much the project signed 2007-09-07, which creates new opportunities for the historical city of Zadar and at the same time strengthens the harbour’s European links. It will increase the berthing capacity for domestic and international ferry vessels and cruise ships, thus improving links between Zadar and Croatia’s islands and other countries of the Mediterranean area”.
The priorities of the EIB, the European Union’s bank promoting European objectives, are to contribute to the integration, balanced development and economic and social cohesion of the Member States by financing sound investment. The EIB supports investment projects in Croatia, as an EU Accession State, that will prepare for EU membership via the development of transport, energy and communication infrastructure, the implementation of EU environmental standards and support for investments by SMEs and municipalities.
Since 2001 the EIB has provided loans to Croatia totalling approximately EUR 1.26 billion, including the current loan. The Bank has already provided EUR 765 million for transport projects that have, in cooperation with Croatia’s Ministry of Sea, Tourism, Transport and Development, supported the extension and modernisation of the country’s road and rail infrastructure.