10.9 C
Bucharest
May 18, 2022
BUSINESS

EBRD invests EUR 8.8 M in water infrastructure in Braila

The European Bank of Reconstruction and Development (EBRD) is continuing its work to help improve water infrastructure in Romanian cities, with a new loan to improve water services in the county of Braila. According to a press release, the Bank is providing a EUR 8.8 M loan which, alongside EU Cohesion Funds of EUR 74 M and funding from the local and state budgets, will finance the EUR 95.7 M regional water investment programme of the SC Compania de Utilitati Publice Dunarea SA Braila. The investment programme aims to extend and rehabilitate the water and wastewater infrastructure in 45 administrative territorial units representing nearly two-thirds of the population of Braila County. As a result of the project more than 300,000 inhabitants in the area will gain access to safe water supplies and to sanitation services.

The project will also benefit from a benchmarking programme, which will provide the company with the necessary tools and procedures to im­prove the level of the services delivered to customers, compare operational performance over time and identify underperformance relative to industry standards. The EBRD’s EUR 8.8 M loan is a subproject of the EUR 200 M Regional EU Cohesion Fund Co-financing Framework (R2CF) which was launched in 2010 to support investments in Romania’s water and wastewater infrastructure and help municipalities absorb the financing available from EU Cohesion Funds. It is estimated that the framework will mobilise additional investments of approximately EUR 1.5 billion in Romania’s water and wastewater infrastructure.

 

Related posts

Uber invests in new commuting solutions to support the recovery of Romanian businesses

NINE O'CLOCK

NEWS IN BRIEF

Test

RTPR wins CEE Legal Matters 2020 Deal of the Year Award for Romania

NINE O'CLOCK