City Municipality of Koper
The City Municipality of Koper is Slovenia’s fourth-largest municipality and an important economic, cultural, transport, educational, and commercial hub of the Slovenian coast. The municipality has experienced steady population growth, primarily driven by inward migration, while natural population growth remains negative.
In response to the growing demand for parking spaces for both residents and visitors, the City Municipality of Koper launched the construction of a public underground parking garage beneath Muzejski Square in the city centre.
“In a highly competitive banking market, the City Municipality of Koper selected SID Bank as the most favourable provider, as it offered an attractive financing package that included funding from the European Regional Development Fund financial instrument ‘Cohesion Policy Loans for Urban Development (2014–2020)’.”
As part of SID Bank’s Development and Promotion Programme for Municipal Financing, the municipality secured a long-term loan of €1.3 million. In addition, financing was approved through the Urban Development Loan programme, which provides access to European cohesion funds made available by SID Bank through the Fund of Funds. The project will help reduce traffic congestion in the city centre, decrease the number of parked vehicles on surface streets, and relocate parking to underground facilities. At the same time, it will encourage the use of alternative and more environmentally friendly ways of accessing urban areas and the city centre.
“In SID Bank, we found a credible, reliable, and effective partner who helped turn our ambitious project into a reality.”
Through the construction of the underground parking garage beneath Muzejski Square in Koper, SID Bank is supporting investments in local infrastructure and helping to reduce traffic pressure in historic city centres. The project also promotes the use of alternative and more environmentally friendly modes of transport, contributing to sustainable urban development and an improved quality of life for residents and visitors alike.