The money may be used including to co-finance EU funded projects, he added.

Since the ‘90s, the bank has lent about EUR9.3 billion to Romania, of which EUR335 million last year, Hoyer said after talks with the country’s Prime Minister Victor Ponta.

Earlier Monday, Hoyer also met with President Traian Basescu who presented three projects for which the bank may provide financing, namely the construction of the Siret – Baragan canal, the Bucharest-Danube canal and a hydropower plant in Tarnita.