Description

The provision of debt financing in an amount of up to EUR 70 million to Beo Cista Energija d.o.o Beograd, a limited liability company established with the sole purpose of operating and financing the Belgrade Solid Waste PPP project under a Design, Build, Finance, Operate, Transfer (DBFOT) scheme, and owned by consortium of Suez, Itochu and Marguerite Fund. The operation will enable the company to finance, construct and operate landfill and facilities for treatment and disposal of collected residual municipal waste generated in thirteen municipalities of the City of Belgrade for a volume of approximately 510,000 tons/year and treatment of Construction and Demolition Waste (CDW) in a volume of approximately 200,000 tons/year generated in its territory. The project envisages construction of the Energy-from-Waste Facility (EfW), CDW Facility, remediation, closing and aftercare of the existing landfill and construction of a new landfill. The current landfill site Vinca, which has been in operation since 1977, is one of the largest landfills in Europe with coverage of 70h and is reaching its maximum capacity. Vinca is a non-sanitary landfill,without lining, gas collection and leachate treatment which creates significant environmental and health risks. The project facilities should allow the city to meet the biodegradable waste landfill diversion as well as the CDW recovery objectives set by the EU Waste Framework Directive. In addition, all facilities developed under the project will be compliant with applicable EU regulations, including the Landfill Directive and the Industrial Emissions Directive.