“The funds will be used to part-finance the construction, extension and rehabilitation of water supply and wastewater treatment systems. The project is part of the EU Cohesion Funds programme for Sibiu, worth a total of EUR124 million,” the EBRD said in a news release.
The bank added the loan is part of the EUR200 million Regional EU Cohesion Fund Co-financing Framework (R2CF) launched in 2010. The framework is aimed at supporting investment in Romania’s water and wastewater infrastructure, as well as to help mayoralties absorb EU Cohesion funds.