EBRD to Fund Romanian Water Projects

The European Bank for Reconstruction and Development (EBRD) is considering a €27.5m ($37m) loan for Romania to help the county of Brasov meet EU water and wastewater guidelines.

The project has two components: €19m ($25.8m) of co-financing for Romania’s Cohesion Fund; and the restructuring of an existing €8.5m ($11.5m) EBRD Municipal Environmental Loan, which was signed in 2002.

The loan will co-finance a regional investment programme of €190m ($259m), which will include funding from the EU, the Government of Romania and local governments under the Cohesion Fund.

The project is expected to improve the quality of drinking water in Brasov and expand wastewater collection and treatment to conform to EU water and wastewater legislation, according to romania-insider.com.