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Bucharest
October 1, 2020
BUSINESS

EBRD invests EUR 4.8 M in infrastructure and transport in Romania

Over the past 10 years, Sibiu has seen a significant infrastructure investment. Of this funding over EUR 40 million were granted by the European Bank for Reconstruction and Development (EBRD), for projects such as the rehabilitation of public roads and water systems, a press release informs. As part of wider infrastructure development plan, a new long-term loan of EUR 4.8 million to S.C. TURSIB S.A, a public transport company owned by the city, will help to relocate the bus depot from its current site in the city centre. The relocation is necessary as the city has revised its urban transport strategy, resulting in the re-routing of the bus fleet to meet public demand. As part of a new depot’s construction, modernisation of maintenance services will take place, which will bring running costs and noise levels down, and reduce the environmental impact.

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