Bistrita-Nasaud secures funding for water infrastructure development
Extended under the EBRD’s Regional EU Cohesion Fund Co-financing Framework (R2CF), the loan will be used to co-finance the company’s 344 million lei EU Cohesion Fund regional investment program.
The EBRD funds will part-finance the construction, extension and rehabilitation of water supply and wastewater treatment systems in Bistrita-Nasaud county. This will allow SC Aquabis S.A to reduce water leakages, optimize operating costs and bring its wastewater collection and treatment system in line with EU regulations and standards.
The project will enable the company to extend its coverage from 84 per cent to 98 per cent for drinking water and from 60 per cent to 91 per cent for wastewater by 2013, bringing a safe water supply and sanitation services to over 134,000 residents of Bistrita-Nasaud county.
“The EBRD’s support is key in facilitating the absorption of the EU funds for infrastructure upgrades in Romania. Through this new investment the Bank is continuing to support the modernization of water services in the country, helping to improve the quality of water supply and wastewater services and align them with EU standards,” said Claudia Pendred, Director of the EBRD’s office in Bucharest.
“We are delighted to continue our successful cooperation with the EBRD through this new project. The EBRD financing will help us utilize the available funding from the EU with the overall goal to raise the standards of water supply in Bistrita-Nasaud and increase the access to water services in the region,” said Ion Sandru, Director of SC Aquabis S.A.
The EBRD loan is supported by €765,000 in grant financing for technical assistance provided by the Spanish government and the Bank’s Shareholder Special Fund.
Bistrita-Nasaud is the eighth county in Romania supported by the framework, following similar investments in Braila, Brasov, Buzau, Constanta, Dambovita, Iasi and Sibiu counties. It is estimated that the framework will mobilize additional investments of approximately 1.5 billion Euro in Romania’s water and wastewater infrastructure.
The EBRD funds will part-finance the construction, extension and rehabilitation of water supply and wastewater treatment systems in Bistrita-Nasaud county. This will allow SC Aquabis S.A to reduce water leakages, optimize operating costs and bring its wastewater collection and treatment system in line with EU regulations and standards.
The project will enable the company to extend its coverage from 84 per cent to 98 per cent for drinking water and from 60 per cent to 91 per cent for wastewater by 2013, bringing a safe water supply and sanitation services to over 134,000 residents of Bistrita-Nasaud county.
“The EBRD’s support is key in facilitating the absorption of the EU funds for infrastructure upgrades in Romania. Through this new investment the Bank is continuing to support the modernization of water services in the country, helping to improve the quality of water supply and wastewater services and align them with EU standards,” said Claudia Pendred, Director of the EBRD’s office in Bucharest.
“We are delighted to continue our successful cooperation with the EBRD through this new project. The EBRD financing will help us utilize the available funding from the EU with the overall goal to raise the standards of water supply in Bistrita-Nasaud and increase the access to water services in the region,” said Ion Sandru, Director of SC Aquabis S.A.
The EBRD loan is supported by €765,000 in grant financing for technical assistance provided by the Spanish government and the Bank’s Shareholder Special Fund.
Bistrita-Nasaud is the eighth county in Romania supported by the framework, following similar investments in Braila, Brasov, Buzau, Constanta, Dambovita, Iasi and Sibiu counties. It is estimated that the framework will mobilize additional investments of approximately 1.5 billion Euro in Romania’s water and wastewater infrastructure.
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