EBRD lends EUR 16 million for water supply network upgrade works in Romania’s Mures county

Newsroom 18/04/2012 | 13:48

EBRD is lending EUR 15.9 million to Compania Aquaserv S.A., the water utility company operating in Mures county in central Romania to finance the extension and modernization of water infrastructure. About 300,000 residents of Romania’s Mures and Harghita counties are to benefit from improved water and wastewater services, and 60,000 people will gain access to a reliable water supply with the support of this financing line.

The project will enable S.C. Compania Aquaserv S.A. to expand and modernize its water and wastewater network in seven towns – Targu Mures, Reghin, Sighisoara, Tarnaveni, Ludus, Iernut and Cristuru Secuiesc, as well as 57 communes. With the support of the Bank’s investment, most of the region’s population served by the company will be connected to a centralized water supply by 2014.

The EBRD financing is part of the Bank’s Regional EU Cohesion Fund Co-financing Framework (R2CF), and will be used to co-finance the company’s EUR 115 million EU Cohesion Fund investment program for upgrading regional water and wastewater facilities. The project is supported by technical assistance grants provided by the government of Spain and the Bank’s Shareholder Special Fund.