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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


BDK 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 IFC on the matter. Baker McKenzie and Wolf Theiss reportedly also advised the financial institutions as well.

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.

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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.

What we do

We work with some of the most respected and reputable businesses in the world, banks, as well as governments, state-owned entities, startups and NGOs. We see our clients as long-term partners.

We focus on straightforward solutions and tailor-made advice. Lawyers cooperating with us are fully immersed in our clients’ culture and industry to ensure that the work is delivered intelligently and reliably.

What sets us apart?

In our company culture, excellence is a must. We are reliable, adaptive and fast.

Karanovic & Partners operates under the “one team” principle, combining our regional reach and local know-how to deliver coordinated legal advice necessary for achieving our clients’ goals.

All News about, and Legal Analysis by, Karanovic & Partners can be found here.

Firm's website: https://www.karanovicpartners.com/


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