“The EBRD is pleased to work once again with the municipality of Sibiu and with TURSIB. The city demonstrates how infrastructure development can boost the attractiveness of a regional hub and sustain its dynamism,” commented Jean-Patrick Marquet, EBRD Municipal and Environmental Infrastructure Director.
According to EBRD, tourism has been a key economic driver in the city’s development, also due to the development of its infrastructure.
In the last 10 years, EBRD granted EUR40 million for infrastructure projects in Sibiu.
“The construction of a new bus depot located in a more appropriate area in Sibiu from the environmental perspective is an extremely important project for TURSIB, the local public transportation company in Sibiu, which thus continues its upgrading process,” said Mayor of the city of Sibiu, Klaus Iohannis.
TURSIB operates 90 buses, 35 of which were purchased following a EUR5 million loan granted in 2006 by the EBRD. The company manages 23 bus routes with a turnover of 34 million passengers per annum.
EBRD has invested so far approximately EUR6.7 billion across 360 projects in Romania. The bank has further mobilised over EUR14 billion for these ventures from other sources of financing.