EBRD provides EUR 8.8 mln loan for water infrastructure in Braila County

The EBRD (European Bank for Reconstruction and Development) will provide a loan of EUR 8.8 million for a regional water investment programme for the Braila public utilities company. The total cost of the project is EUR 95.7 million, and the company was able to attract EU cohesion Funds of EUR 74 million for this project. Public funding will also be used in completion of the international financial assistance programmes.

The investment programme aims to extend and rehabilitate the water and wastewater infrastructure in 45 administrative territorial units representing nearly two-thirds of the population of Braila County. As a result of the project more than 300,000 inhabitants in the area will gain access to safe water supplies and to sanitation services.

“We are pleased to be able to facilitate the absorption of EU funds in Romania and, so far, the Bank’s investments have enabled utility companies in Romania to attract EUR 724 million in EU Cohesion Funds with the counties of Brasov, Buzau, Constanta, Dambovita, Iasi, Sibiu and now Braila benefiting,” said Claudia Pendred, EBRD Director for Romania.

The EBRD’s EUR 8.8 million loan is a subproject of the EUR 200 million Regional EU Cohesion Fund Co-financing Framework (R2CF) which was launched in 2010 to support investments in Romania’s water and wastewater infrastructure and help municipalities absorb the financing available from EU Cohesion Funds. It is estimated that the framework will mobilize additional investments of approximately EUR 1.5 billion in Romania’s water and wastewater infrastructure.

Ovidiu Posirca

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