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    Reference: 20190033
    Release date: 10 May 2019

    Promoter – Financial Intermediary

    PUBLIC ENTITY(IES)

    Location

    Description

    The project consists of an allocation under the Structural Programme Loan (SPL) Romania EU CO-Financing for Environment 2014-20 (2015-0548) aiming to achieve compliance with the EU Drinking Water and Urban Wastewater Treatment Directives in the County of Vrancea.

    Objectives

    The project is focused on fulfilling the compliance requirements for water and wastewater (Urban Waste Water Treatment Directive 91/271/EEC and the Drinking Water Directive 98/83/EC), of agglomerations with more than 2 000 PE (Population Equivalent) for wastewater collection and treatment, and localities with more than 50 inhabitants for water supply. In this respect, the proposed investments envisage extending the service coverage for drinking water supply and wastewater collection and treatment, as well as addressing the deficiencies of the existing systems.

    Sector(s)

    • Water, sewerage - Water supply; sewerage, waste management and remediation activities

    Proposed EIB finance (Approximate amount)

    EUR 26 million

    Total cost (Approximate amount)

    EUR 207 million

    Environmental aspects

    All the project components were screened according to the Annex II of the Environmental Impact Assessment (EIA) Directive. None of the components required an EIA.

    Procurement

    The Bank will require the promoter (Regional Operating Company) to ensure that contracts for the implementation of the project are tendered in accordance with the relevant applicable EU procurement legislation (Directive 2014/25/EU, as well as Directives 92/13/EEC and 89/665/EEC) as interpreted by the Court of Justice of the European Union, with the publication of tender notices in the Official Journal of the European Union (OJEU), as and where required.

    Status

    Approved - 21/06/2019

    Disclaimer

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

    Related tags

    Romania Water, sewerage