Region: Europe and Central Asia
Country: Global / Non-Specific
Sectors: Transportation
Keywords: Highway
DocumentLink(s):
Document Details:
The Zagreb-Macelj toll road project. The government provided in-kind support in the form of land and contingent debt drawn down whenever revenues were insufficient to cover debt service. Thus, lenders were protected, but the risk remained with the equity holders.
Updated: October 25, 2021