EBRD Invests EUR8.8M Loan In Water Infrastructure In SE Romania
The European Bank for Reconstruction and Development Wednesday said it will extend a EUR8.8 million loan to public utility company Dunarea SA Braila to improve water services in Braila county, southeast Romania.
“EBRD is providing a EUR8.8 million loan which, alongside EU Cohesion Funds of EUR74 million and funding from the local and state budgets, will finance the EUR95.7 million regional water investment program of the SC Compania de Utilitati Publice Dunarea SA Braila,” the bank said in a statement.
Dunarea Braila is the regionalized water and wastewater operator for the County of Braila and is responsible for management of water resources including the distribution and treatment of water and wastewater services.
The investment program aims to extend and rehabilitate the water and wastewater infrastructure in 45 administrative territorial units representing nearly two thirds of the population in Braila County. As a result of the project, more than 300,000 inhabitants in the project area will gain access to a safe water supply and to sanitation services, EBRD said.
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