The EBRD OKs EUR 22 mil for water infrastructure project in Iasi

European Bank for Reconstruction and Development (EBRD) has approved a EUR 22 million loan to ApaVital Iasi.

According to the EBRD information, the sum will be used to part-finance the extension and rehabilitation of water supply and wastewater collection systems in 16 locations across the county.

The project is part of the EU cohesion funds program for Iasi, worth a total of EUR 136 million.

ApaVital Iasi provides water and wastewater services to the City of Iasi and a number of towns and villages in the county, with a total population of over 800,000.

The EBRD loan is part of the EUR 200 million regional program set up by the bank in order to help Romanian municipalities benefit from the available EU financing.

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Dana Verdes