The program is aimed to modernize and upgrade the water and wastewater services in Bihor county and will be implemented by water service provider Compania De Apa Oradea S.A..
The loan matures in 15 years, the bank said.
The loan is being provided under the bank’s Romania EU Cohesion Funds Water Co-Financing Framework, launched in 2010.
Compania de Apa Oltenia is the 19th Romanian company which received a loan under the co-financing program.
Up until now, the EBRD has invested over EUR250 million under the Framework and has mobilized more than EUR1.6 billion of EU funding in Romania’s water and wastewater facilities, the bank said.
Since the start of operations in Romania, the EBRD has invested approximately EUR6.4 billion in over 330 local projects and mobilized over EUR12 billion from other financing sources.