The first loan, worth EUR465 million, will fund the construction of a subway line in Bucharest, with a length of some eight kilometers and 12 stations. Preparation works should start in the first half of next year. The 25-year loan has a six-year grace period.
The second loan, worth EUR32.65 million, will be used by state-owned electricity producer Electrocentrale Paroseni for environment investment. This contract has a 15-year maturity and a four-year grace period.
The loan agreements were signed by EIB vice-president Wilhelm Molterer and Romanian finance and transport ministers Gheorghe Ialomitianu and Anca Boagiu. State Secretary Claudiu Stafie represented the Economy Ministry in the deal.