EBRD loan helps Valcea county upgrade water and wastewater services

The EBRD loan is extended to APAVIL Ramnicu Valcea, a regional water utility operating in the county. The county, with about 413.000 inhabitants, is planning to extend and modernise water and wastewater services, which will slash water losses and costs, in six agglomerations: Ramnicu Valcea, Dragasani, Calimanesti, Olanesti, Babeni, and Balcesti.
The loan will co-finance a regional investment programme approved by the EU under Romania’s Cohesion Fund Programme. The EBRD financing will consist of an EBRD loan of 8.55 million Euro coupled with an envisaged loan of up to 5.30 million Euro for green energy investments. This project is part of the EBRD’s Regional EU Cohesion Fund Co-financing Framework (R2CF).
The EBRD loan is supported by a grant of 750,000 Euro for technical cooperation from the EBRD Shareholder Special Fund, alongside other technical cooperation funded by the government of Spain, the Central European Initiative and the EBRD’s own funds.
R2CF, launched in 2010 and extended in 2012, is a 330 million Euro EBRD framework to provide additional financing to Romanian regional water companies by investing in water and wastewater infrastructure.