Release date: 30 March 2005
Promoter – Financial Intermediary
Six Romanian municipalities or municipal water companies (Baia Mare, Bistrita, Botosani, Drobeta Turnu Severin, Pitesti, Ramnicu Valcea).Location
Description
The project concerns priority improvement schemes in the water sector (water supply and wastewater infrastructure).
Objectives
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.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 60m.
Total cost (Approximate amount)
EUR 232.8m.
Environmental aspects
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.
Procurement
The Bank has alined itself to ISPA procurement rules, which also makes the EIB and co-financing more straightforward.
Status
Signed - 28/11/2006
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).