European bank provides financing for water supply network in Romania

The European Bank for Reconstruction and Development (EBRD) has allocated a €15.9m loan to Romanian water utility S.C. Compania Aquaserv to improve water and wastewater services in Romania.

Water and wastewater network in seven towns and 57 communes will be extended as part of the upgrade programme.

The utility will improve the quality of water supply, wastewater collection and treatment services in line with relevant EU directives.

The federal government of Spain and the EBRD’s Shareholder Special Fund have provided technical assistance grants for the water supply project.

The EBRD financing, which is part of the Regional EU Cohesion Fund Co-financing Framework (R2CF), will also co-finance the utility’s €115m EU Cohesion Fund investment programme for modernising regional water and wastewater facilities.

R2CF was launched in 2010 as a €200m EBRD framework to provide additional financing to Romanian municipalities by investing in water and wastewater infrastructure.

Image: The EBRD investment will help provide a reliable water supply to 60,000 people in seven Romanian towns. Photo: dan.