The European Bank for Reconstruction and Development (BERD) will provide EUR 15 million in funding for the rehabilitation of 14 public buildings and the purchase of 40 low-emission buses in Craiova.
Under this program, the BERD will support Craiova in developing an Action Plan that will analyze investment options in green transport projects, water and sanitation infrastructure and others in order to improve the environment and quality of life in the region.
Prior to this loan, the BERD also financed the extension and rehabilitation of the water supply and sewerage system and contributed to the development of the Urban Sustainable Urban Mobility Plan for the Craiova metropolitan area.
This new funding is part of the BERD Green Cities Program, which builds on its experience of over two decades in municipal and environmental infrastructure projects.
“Craiova is the first city in Romania to join our Green Cities program and we look forward to working together on an Action Plan for this purpose. Implementing the project will benefit all residents of Craiova,” said Susan Goeransson, director of BERD for municipal and environmental infrastructure, quoted in the press release.
In turn, Mihail Genoiu, the mayor of Craiova, said that this new BERD project will be an example of good practice for other cities in Romania.
Since its first entry into Romania, the BERD has invested over EUR 8 billion in more than 400 projects in the country.