The 15-year loan is part of a EUR126.4 million regional investment program co-financed by significant grant funding from the European Union, the government of Romania and the local governments under Romania’s Cohesion Fund Program.
“The loan will allow Apaserv improve water and wastewater services in seven local communities in Satu Mare county,” EBRD director for municipal and environmental infrastructure Jean-Patrick Marquet said.
Since the beginning of its operations in Romania, the EBRD has invested some EUR6 billion in more than 315 projects in various sectors of the country’s economy.