EBRD ponders EUR 27.5 mln loan for Brasov water infrastructure

The European Bank for Reconstruction and Development is considering providing up to EUR 27.5 million loan to Compania APA Brasov S.A. for key investments in the County of Brasov to meet EU water and wastewater directives. The project includes two components. The first entails co-financing to Cohesion Fund of up to EUR 19 million, while the second includes a restructuring of the existing EBRD Municipal Environmental Loan Facility signed in 2002. The EBRD loan would co-finance a regional investment program of up to of EUR 190 million, which will include grant funding from the European Union, the Government of Romania and the local governments under Romania’s Cohesion Fund Program. The project is expected to improve the quality of drinking water in Brasov County and expand wastewater collection and treatment in line with relevant EU water and wastewater legislation. The environmental and social due diligence for the project is on-going while the final review before approval is expected. editor@romania-insider.com