The program is aimed to modernize and upgrade the water and wastewater services in Dolj county and will be implemented by water service provider Compania de Apa Oltenia S.A..
The loan matures in 15 years, the bank said.
The upgrade is expected to reduce water losses, optimize costs and bring services in line with EU environmental requirements.
“The EBRD is committed to improving urban infrastructure, particularly water services, in Romania and helping the country to absorb EU cohesion funds. This loan will enable the company to modernize water and wastewater infrastructure in eleven urban agglomerations of Dolj,” Jean-Patrick Marquet, EBRD Director for Municipal and Environmental Infrastructure, 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 18th Romanian company which received a loan under the co-financing program.
Up until now, the EBRD has invested over EUR240 million under the Framework and has mobilized more than EUR1.5 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.