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Signature(s)

Amount
€ 41,501,200
Countries
Sector(s)
Romania : € 41,501,200
Water, sewerage : € 41,501,200
Signature date(s)
28/11/2006 : € 41,501,200
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Summary sheet

Release date
30 March 2005
Status
Reference
Signed | 28/11/2006
20040228
Project name
Promoter - financial intermediary
Municipal Water Infrastructure III
Six Romanian municipalities or municipal water companies (Baia Mare, Bistrita, Botosani, Drobeta Turnu Severin, Pitesti, Ramnicu Valcea).
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 60m.
EUR 232.8m.
Location
Sector(s)
Description
Objectives

The project concerns priority improvement schemes in the water sector (water supply and wastewater infrastructure).

The objective of the project is to improve the quality and efficiency of water supply and wastewater services in six municipalities in Romania as well as to support the country’s efforts to comply with EU directives.

Environmental aspects
Procurement

Romania is working on enacting environmental legislation in view of harmonising its environmental standards with EU regulations. The project will assist the Promoter to comply with the Drinking Water Directive (98/83/EC) and the Urban Wastewater Treatment Directive (91/217/EEC). All sub-projects include wastewater collection and treatment components and will, a priori, have beneficial environmental effects in terms of reduced pollution to the aquatic environment. All sub-projects will follow requirements of EIA Directive 97/11/EC and other environmental directives as applicable, which is a condition of ISPA grant assistance.

The Bank has alined itself to ISPA procurement rules, which also makes the EIB and co-financing more straightforward.

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Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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