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BDK and Karanovic & Partners Advise on Financing for Waste-to-Energy PPP with City of Belgrade

BDK and Karanovic & Partners Advise on Financing for Waste-to-Energy PPP with City of Belgrade

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BDK Advokati and Clifford Chance advised the EBRD, IFC, and the Development Bank of Austria on financing for a waste management public-private partnership project in the Vinca district of Belgrade. The City of Belgrade was advised by Hogan Lovells and Karanovic & Partners, with Karanovic & Partners also advising the IFC on the matter.

The project, which has a total investment size estimated of approximately EUR 350 million, is supposed to resolve the environmental hazard caused by one of the largest dumpsites in Europe. The Vinca landfill currently covers an area of 70 hectares, and, in its current state, it is believed to be a dangerous health hazard. The project involves the development of a new landfill, remediation and closure of the existing one, and construction and operation of the incineration plant and development of ancillary infrastructure.

The BDK Advokati team was led by Senior Partner Dragoljub Cibulic and also involved Partner Milan Dakic, Senior Associate Dragoljub Sretenovic, and Associates Djordje Zejak and Igor Matic.

The Karanovic & Partners team included Senior Partner Darko Jovanovic and Senior Associate Mina Sreckovic.

Editor's Note: After this article was published, CEE Legal Matters learned that Baker McKenzie and Wolf Theiss advised the consortium of the French Suez Groupe and IEI, a member of the Itochu group, and their Serbian project vehicle Beo Cista Energija d.o.o., as the private partner in the PPP.

The Wolf Theiss team included Partner Miroslav Stojanovic and Senior Associates Milos Andjelkovic, Iskra Lazic, and Andjelka Todorovic.

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Karanovic & Partners is a regional legal practice in Southeast Europe with tradition spanning two decades and cooperating offices in Serbia, Croatia, Slovenia, Montenegro, Macedonia and Bosnia & Herzegovina. With more than 100 attorneys at law cooperating across the region, we take pride in our work, dedication and understanding of our clients' industries and needs.

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