EBED Has Approved a Loan of up to Euro13.85 Million for for a Project

The European Bank for Reconstruction and Development (EBRD) has approved a loan of up to €13.85 million for a project that will help improve water and wastewater services in Valcea, Romania. The EBRD loan to water utility SC APAVIL SA Ramnicu Valcea will help the company to improve the quality of its water supply, wastewater collection and treatment services in line with EU directives, and reduce water losses and operating costs. The loan will co-finance a regional investment programme approved by the EU under Romania's Cohesion Fund Programme. The EBRD financing will consist of an EBRD loan of €8.55 million coupled with an envisaged loan of up to €5.30 million for green energy investments. This project is part of the EBRD's Regional EU Cohesion Fund Co-financing Framework (R2CF).