EBRD provides EUR 13.6 mln loan for water and wastewater modernization in Dolj county

Newsroom 10/09/2013 | 13:37

The European Bank for Reconstruction and Development (EBRD) said on Tuesday it provided a EUR 13.6 million loan to the local water utility in Dolj county to upgrade the water infrastructure.

The EBRD loan co-finances a regional investment program of EUR 150 million, approved by the EU, which includes grant funding from the EU.

Jean-Patrick Marquet, EBRD director for municipal and environmental infrastructure, said: “The EBRD is committed to improving urban infrastructure, particularly water services, in Romania and helping the country to absorb EU cohesion funds. This loan will enable the company to modernize water and wastewater infrastructure in eleven urban agglomerations of Dolj.”

Compania de Apa Oltenia, the Dolj-based utility, will use the loan to cut water losses, optimize costs and bring services in line with EU environmental directives. This is the 18th company in Romania to benefit from the modernization of water and wastewater services.

The EBRD has invested EUR 240 million to date under the Bank’s Romania EU Cohesion Funds Water Co-Financing Framework, which has mobilized more than EUR 1.5 billion in water related infrastructure.

Since the start of operations in Romania, the EBRD has invested around EUR 6.4 billion across over 330 projects in Romania, mobilizing over EUR 12 billion for these ventures from other financing sources.

Ovidiu Posirca

BR Magazine | Latest Issue

Download PDF or read online: October 2022 Issue | Business Review Magazine

The October 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Globalworth Successfully Addressing Market Challenges From a Position
Newsroom | 26/10/2022 | 17:53

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of business-review.eu
    I agree with the storage and handling of my data by business-review.eu
    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue