Extended under the EBRD’s Regional EU Cohesion Fund Co-financing Framework, the loan will be used to co-finance the company’s RON344m ($104.632m) EU Cohesion Fund regional investment program.
The EBRD funds will part-finance the construction, extension and rehabilitation of water supply and wastewater treatment systems in Bistrita-Nasaud county.
The EBRD loan will allow SC Aquabis SA to reduce water leakages, optimise operating costs and bring its wastewater collection and treatment system in line with EU regulations and standards.
The project will enable the company to extend its coverage from 84% to 98% for drinking water and from 60% to 91% for wastewater by 2013, bringing a safe water supply and sanitation services to over 134,000 residents of Bistrita-Nasaud county.
EBRD Bucharest director Claudia Pendred said the EBRD’s support is key in facilitating the absorption of the EU funds for infrastructure upgrades in Romania.
"Through this new investment the Bank is continuing to support the modernization of water services in the country, helping to improve the quality of water supply and wastewater services and align them with EU standards," Pendred said.
