Romania's infrastructure is to get a EUR 497 million boost with European Investment Bank (EIB) loans for two infrastructure projects, the country's Finance Ministry has announced. Set to be signed today, the contracts will allow financing for Bucharest metro's extension to connect Drumul Taberei and Pantelimon and for environmental improvements at the Paroseni power plant.

The metro line financing is of EUR 465 million, while the investment in environment protection improvements at the power plant will reach EUR 32.5 million.

EIB vice-president Wilhelm Molterer (in picture) will sign the agreement today ( Friday, December 16 ), together with Finance Minister Gheorghe Ialomitianu, at the Finance Ministry's headquarters.

editor@romania-insider.com

(photo source: EIB)