EBRD funds road modernization in Sibiu
The bank said the proceeds of the loan extended to the municipality would be used to finance the rehabilitation of a number of roads in the city, including the renewal of asphalt and pedestrian pavements and an upgrade of water and sewage pipelines along the streets. The investment is part of the EBRD’s Urban Road Management and Rehabilitation Framework, aimed at supporting urban road sector reform in .
The project also includes the construction of a new three-lane bridge in Sibiu with access for vehicles, cyclists and pedestrians. It will replace an existing wooden pedestrian bridge and will provide a key connection to the city centre for a large residential neighborhood, helping to alleviate heavy traffic in the area. According to the bank, the upgrade of the transport system in Sibiu will ensure a more integrated traffic flow in the city, improve accessibility for local residents and will enable the extension of public transport services in areas currently underserved in the city.
The project will be complemented by grant financing provided by the German Agency for Technical Cooperation for the preparation of performance based management and maintenance of roads (PMMR) contracts, which will be used for further implementation of Sibiu ’s street rehabilitation program. This will ensure a more competitive and efficient approach to managing road infrastructure in Sibiu , which is expected to be replicated in other cities in the country.
“This is an important project for the citizens of Sibiu and its numerous visitors attracted by the city’s unique medieval architecture and historic centre. We are pleased to support the modernization of local streets and road infrastructure in Sibiu with necessary financing in the current conditions when commercial funding remains limited,” said Jean-Patrick Marquet, EBRD Director for Municipal and Environmental Infrastructure.
In turn, Sibiu Mayor Klaus Werner Johannis said: “The new funds will enable the city of Sibiu to implement important infrastructure improvements. We are delighted to have the support of such a reliable partner as the EBRD.”
The project also includes the construction of a new three-lane bridge in Sibiu with access for vehicles, cyclists and pedestrians. It will replace an existing wooden pedestrian bridge and will provide a key connection to the city centre for a large residential neighborhood, helping to alleviate heavy traffic in the area. According to the bank, the upgrade of the transport system in Sibiu will ensure a more integrated traffic flow in the city, improve accessibility for local residents and will enable the extension of public transport services in areas currently underserved in the city.
The project will be complemented by grant financing provided by the German Agency for Technical Cooperation for the preparation of performance based management and maintenance of roads (PMMR) contracts, which will be used for further implementation of Sibiu ’s street rehabilitation program. This will ensure a more competitive and efficient approach to managing road infrastructure in Sibiu , which is expected to be replicated in other cities in the country.
“This is an important project for the citizens of Sibiu and its numerous visitors attracted by the city’s unique medieval architecture and historic centre. We are pleased to support the modernization of local streets and road infrastructure in Sibiu with necessary financing in the current conditions when commercial funding remains limited,” said Jean-Patrick Marquet, EBRD Director for Municipal and Environmental Infrastructure.
In turn, Sibiu Mayor Klaus Werner Johannis said: “The new funds will enable the city of Sibiu to implement important infrastructure improvements. We are delighted to have the support of such a reliable partner as the EBRD.”
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