BUSINESS

EUR 11.5 M EBRD loan to upgrade transport infrastructure in Sibiu

The EBRD is supporting further modernisation of the transport infrastructure in Romania with a loan of up to EUR 11.5 M to finance the upgrade of the road system in the city of Sibiu, a press release informs. The proceeds of the loan extended to the municipality of Sibiu will be used to finance the rehabilitation of a number of roads in the city, including the renewal of asphalt and pedestrian pavements and an upgrade of water and sewage pipelines along the streets. The investment is part of the EBRD’s Urban Road Management and Rehabilitation Framework, aimed at supporting urban road sector reform in Romania. The project also includes the construction of a new three-lane bridge in Sibiu with access for vehicles, cyclists and pedestrians. The project will be complemented by grant financing provided by the German Agency for Technical Cooperation for the preparation of performance based management and maintenance of roads contracts, which will be used for further implementation of Sibiu’s street rehabilitation programme.

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