The EBRD loan is being provided alongside EU Cohesion Funds of EUR47.5 million, the statement noted.
The investment will increase access to clean water and improve sewerage services in the region.
“As a result, over 10,000 people will receive access to a safe water supply through extended water networks and nearly 20,000 people will be connected to sewerage networks in 17 towns and villages across the counties of Constanta, Ialomita and Ilfov,” EBRD said.
The project will also support investments in wastewater networks and will ensure that quality water supply services are available in smaller localities in Ilfov county, which is also serviced by SC Raja SA Constanta.
This EBRD loan is the 23rd investment under the Romania EU Cohesion Fund Water Co-Financing Framework, launched in 2010. The facility was originally approved in November 2010, with a volume of EUR200 million, and further increased by EUR130 million in September 2012 following strong local demand.
To date, the EBRD has mobilized approximately EUR2 billion of EU funding in Romania’s water and wastewater facilities, the European lender said.