This loan will support the Romanian Partnership Agreement with the EU for the 2014-2020 programming period, focusing on investments in the areas of energy, environmental improvement, Research & Development and Innovation (RDI), Information and Communication Technology (ICT), employment, education and social amenities, EIB said in a press release Friday.
At the same time, the EU bank has signed two Project Advisory Support Service Agreements worth some EUR 19 million, with the National Public Procurement Agency (ANAP) and the Ministry for European Funds respectively.
“The loan agreement signed today with EIB is a proof of the joint attention paid by the Romanian Government and the bank of the European Union to improve the absorption of European funds dedicated to three operational programs: Large Infrastructure, Competitiveness and Human Capital,” said Romanian finance minister Anca Dragu.
Since the start of EIB operations in Romania, the bank gave the country around EUR11.4 billion financing. Pilot projects funded by EIB in Romania include the Pirelli production units in Slatina, subway transport in Bucharest, ENEL’s green energy project and energy efficiency programs for housing in Bucharest.