EIB finances public utility projects in Alba, central Romania, under Juncker Plan

The European Investment Bank (EIB) is lending EUR 12 mn to the Alba County Regional Water Company in Romania to finance, in partnership with Cohesion Policy funds, upgrades in drinking water supply and sanitation services for some 332,000 people in the county.

The loan is backed by the European Fund for Strategic Investments (EFSI), the heart of the Investment Plan for Europe, or "Juncker Plan".

For the first time a Romanian public sector project receives EFSI backing.

“Not only will the works have a sizable impact on the public health of people, they will also render the local water infrastructure more cost efficient and environmentally friendly,” said EIB Vice-President Andrew McDowell.

(Photo source: Eib.org)