District 5 is located in the most developed economic area of Romania but it is home to the largest marginalized community in the country and faces the challenge of ensuring effective planning, prioritization, design, and execution of capital investments to generate better economic outcomes for its constituents.
“Our partnership with District 5 is an exciting engagement at the local level,” said Tatiana Proskuryakova, World Bank Country Manager for Romania and Hungary. “Through targeted interventions and analysis of the District’s challenges and assets, we will support the local administration in advancing urban development solutions that can benefit residents and investors.”
The World Bank will provide technical assistance to District 5 City Hall over a period of three years. The focus of this support will be to help the District fully capitalize on its geographic and economic location to advance stronger growth.
“Urban development in Antiaeriana is the biggest project developed in Romania over the last 30 years and, for such an important project to succeed, I could not have hoped for a better partner than the World Bank. In the forthcoming period, District 5 will become the main pole of economic growth at the level of the capital city,” said Bucharest District 5 mayor Daniel Florea.
The district city hall plans to erect a new neighborhood on a 110-hectare plot in the Antiaeriana area, including 40,000 homes, a maternity hospital, a sports center, an Olympic-sized swimming pool, a museum, and schools.