Arad city hall officials on Thursday said the investments totaling CHF12.2 million target the the thermal power distribution system and the public illumination. They also said the Swiss Government will grant financing of CHF10.3 million and the local authorities will contribute 15%.
Arad deputy mayor Bognar Levente said financing was approved through the Swiss-Romanian Cooperation Program and the project targets the modernization of the thermal power distribution and transportation network and the extension of the public illumination network by implementing photovoltaic (PV) solar panels to partially feed the network.
Works are due to start in the spring of 2015, following auction procedures, and the execution period will take two years.