The EU bank financed public infrastructure investments under 2014-2020 EU Operational Programs, supported SMEs sector and midcap companies and supported the increase of the energy efficiency of residential buildings in Bucharest.
”2016 was a very successful year for the EIB in Romania, where we signed more than EUR 1bn of new operations. In addition to lending, our technical assistance helped to identify and develop projects in Romania suitable for financing. We will continue to focus in the future on investments contributing to growth and employment, accelerating the absorption of EU funds and improving Romanian citizens’ living standards,” said Andrew McDowell, Vice-President of the European Investment Bank.
The EIB provided long-term funding totaling EUR760 million for infrastructure projects during the 2014-2020 EU programming period with a total investment cost of some EUR12.2 billion, through the co-financing of EU funds. Thus, EUR360 million were assigned to investments regarding competitiveness, human capital and large-scale infrastructure and another EUR300 million were used for environment-oriented projects.
EIB granted EUR57 million to the municipalities of Bucharest sectors 2, 4 and 6 for energy efficiency investments and lent EUR15 million to Agricover Credit IFN to help finance smaller projects implemented by SMEs in the agriculture sector.
Through the European Investment Advisory Hub, the EIB signed an Advisory Services Agreement worth EUR1.5 million with the Romanian Health Ministry for the construction of three regional hospitals in Iasi, Cluj-Napoca and Craiova.