The loan will be discussed by the EBRD board in September. It will come as a tranche of up to EUR8.55 million from the EBRD and a EUR5.3 million tranche through the Green Energy Special Fund (GESF) managed by the bank, says a EBRD press release.
This funding is a subproject of a EUR130 million raise for a EUR200 million program destined for regional water companies, financed from EU cohesion funds.
The project financed by the EBRD will help the company expand and rehabilitate the water and sewage infrastructure in Ramnicu Valcea and other towns, which together make up almost half the county’s population. The project’s total cost is EUR104.25 million.
The investments will significantly reduce water waste, optimize operating costs and expand water supply and treatment systems in Valcea county, in accordance with EU directives.