EBRD Approves EUR 55 mln Loan to Back Waste Management System in N. Macedonia

World

The European Bank for Reconstruction and Development said on Tuesday it has approved a EUR 55 million sovereign loan to North Macedonia for the modernization and expansion of the country's waste management system.

The loan is intended to back the construction of new and rehabilitate existing sanitary landfills, build new transfer stations, waste infrastructure for collection and transport, and a recycling center, the EBRD said in a project summary document.

The loan will also allow the country to close two non-engineered dumpsites and will support the establishment of three regional integrated waste-management systems in compliance with European Union standards across five regions, benefiting over 1 million people. The project will also get donor-funded help, including EUR 24 million in investment grants and EUR 13.1 million in technical assistance, reads the note.

Donors include the Swiss State Secretariat for Economic Affairs (SECO), Swedish International Development Cooperation Agency (SIDA) and the Western Balkans Investment Framework (WBIF). 

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