The Romanian city of Galați will revamp urban transport infrastructure with the help of a EUR 23.5 million loan from the European Bank for Reconstruction and Development (EBRD).

Of this amount, EUR 900,000 represent a grant-based assistance to the municipality. The city of 250,000 inhabitants will rehabilitate key streets and water infrastructure, buy new trolleybuses and introduce a privately-operated automated system for collecting fares.

The city’s is based around the Port of Galați, a naval shipyard, on a steel plant and mineral exports, making it one of the largest hubs for commercial traffic from Romania.

The Bank has already financed similar in Sibiu, Iași, Arad, Brașov and most recently Pitești, having invested almost EUR 180 million in urban transport improvements across Romania. To date, the EBRD has invested over EUR 6.8 billion across 364 projects in the country.

editor@romania-insider.com