The investments will be concentrated on the area of Cakovec, the capital of the north-western Medjimurje County.
The project is estimated at EUR 49 million, with the EBRD willing to participate with "a senior loan of up to EUR10 million."
According to an EBRD statement, the client of the loan is "Medjimurske vode d.o.o. (the "Regional Company"), limited liability company, jointly owned by the County of Medjimurje and 24 municipalities in the County of Medjimurje."
"The Project is expected to provide significant transition impact through increased commercialisation of the municipal water company, including improved cost efficiency, long-term planning, and implementation of a cost recovery tariff model."
Consultants engaged to conduct a technical and environmental review of the project are financed by the EBRD Shareholders' Special Fund.