EBRD to Co-Finance Romania’s Water Infrastructure Improvement

The European Bank of Reconstruction and Development (EBRD) has approved a €22m ($31m) loan to water utility ApaVital Iasi to improve Romania’s water infrastructure.

ApaVital will use the funds to co-finance the expansion and rehabilitation of water supply and wastewater collection systems across 16 locations in Romania.

The loan is part of the €200m ($285m) Regional EU Cohesion Fund Water Co-Financing Framework set up by the EBRD to help Romanian municipalities benefit from the financing available from EU cohesion funds.

Under the modernisation programme, 90% of the county’s population will be serviced by a wastewater collection and treatment system that is compliant with EU regulations and standards.