European bank grants Romanian utility a loan for water supply improvement

The European Bank for Reconstruction and Development (EBRD) has granted a €15.5m loan to Romanian water utility Aquatim for the improvement of water supply in Timis county, Romania.

The loan is expected to help improve the quality of water supply and wastewater services to over 400,000 residents of the Timis county.

EBRD Municipal and Environmental Infrastructure director Jean-Patrick Marquet said, "This investment will improve water services in Timis county, bringing them in line with the EU standards," Marquet said.

The loan is supported by over €768,700 in grant financing for technical assistance provided by the Spanish government and the bank’s Shareholder Special Fund.

The loan will be disbursed to co-finance the extension and rehabilitation of the water supply and wastewater treatment network, including construction of new wastewater facilities in seven towns and two communes across the county.