SPARTAMATRIX - MODERNIZATION OF THE PORT OF RIJEKA THROUGH THE WORLD BANK'S LOAN.
06/13/2012

The World Bank, i.e. the International Bank for Reconstruction and Development, was founded after the Second World War with the aim of helping the development and decreasing the world poverty.

Online PR News – 13-June-2012 – Los Angeles and California – Since the foundation of the Port of Rijeka Authority, and with the aim of effecting the established policies, several studies have been drawn by expert teams regarding the developmental possibilities of the port. These studies were also used during the making of the ten years development plan of the port of Rijeka, as well as in the two years developmental plans. The urgency with which these plans had to be made implied the necessity to stop the decrease of the port’s turnover, as well as the creation of conditions for a more effective port activity.

The World Bank and the Port of Rijeka Authority have accepted the proposal of the consultancy firm Rotterdam Maritime Group, The Netherlands, which has drawn up the Study of the Modernization of the Port of Rijeka.

On July 12th 2003 the agreement was signed by which the World Bank granted to the Government of the Republic of Croatia a loan of 155 million US dollars. Of exceptional importance are the projects regarding the modernization of existing and the expansion of new terminals, but for the town of Rijeka the waterfront project is of primary importance. This project implies the opening of the central part of the port area for commercial purposes, and the access of citizens to that part of the coastal area. It implies also that the passenger terminal, the southern part of Delta and the port ‘Porto Baroš’ will have completely different spatial and territorial plans with the aim of giving access to these parts of town to all the citizens thus creating new, attractive town spaces typical of Mediterranean towns.

The drawing of the project for a fishing ships’ port in the Torpedo area has begun. In the process of making is the project for the recovery and the extension of the breakwater, and for the deepening of the draft in the small port. The Port Authority and the town of Rijeka have become co-owners of most buildings around the Torpedo port. With this project the lack of space for fishing ships, due to the construction of the passenger terminal, will be solved. The project also comprises the idea of a fish exchange and all other adjoining services (shops, bars) together with the fishing port. Examples throughout the world show that fishing ports are important segments of harbor towns that cultivate their fishing traditions, but also create an attractive town center offering to citizens and tourists various attractions. This project aims to stimulate entrepreneurs to render additional and catering services inside the fishing port. In an economic sense, the project will give a new impetus to the fishing industry, which was greatly neglected.

The World Bank, i.e. the International Bank for Reconstruction and Development, was founded after the Second World War with the aim of helping the development and decreasing the world poverty. It is a developmental financial institution with 183 members, among which is Croatia, and it annually grants around 20 billion USD in loans to developing and transitional countries. Besides granting loans, the World Bank draws studies and analysis, gives technical support and administrative deeds of donation from different sources. In Croatia, the World Bank is active from 1994 and it was the first international financial institution to start helping the development of Croatia. Up to now it has granted 19 loans with the overall sum of more than 1 billion US dollars.

The project of modernization of the port of Rijeka and of the road network is a very complex one. It is planned, besides modernizing and restructuring the port, to encompass with the project the construction of the east wing of the Rijeka roundabout, from Orehovica to Križišće, of the connecting roads Draga – Brajdica and Čavle - Križišće and the reconstruction of the bridge coast – island of Krk. With all this Rijeka, as well as the broader region, will have a qualitative connection to the highway Rijeka - Zagreb - Budapest, which is part of European traffic corridors. Such an envisaged project should solve the greatest problems of the Rijeka road junction.

The preparation of such an ample project takes time and needs substantial financial means. The project began with the deed of donation by which the Study about the modernization of the port of Rijeka was financed, and continued with the foreloan of 1.5 million USD with which the project documentation was financed, all the needed studies and the business plan (Preliminary & final design, Business plan - for ‘LUKA Rijeka’ Ltd., Social program - for ‘LUKA Rijeka’ Ltd., Urban / Redevelopment, Environmental protection).

Between the Town of Rijeka, the Port Authority and the firm ‘LUKA Rijeka’ Ltd, an agreement of collaboration was signed whose subject and aim is to establish the mutual relationships of parties through a joint realization of the ‘Rijeka gateway project’, which will be financed by the World Bank’s funds. The mutual interest of the signatories is the reconstruction of the port and its conformation to the developmental needs of this traffic route on one hand, and the conformation to the needs of citizens as users of the urban space on the other hand. With this agreement the parties have assumed the obligation of mutual cooperation, help and support in all the activities connected with the implementation of the project.