EIB grants EUR 300 mln loan to Romania for environmental projects

eibThe European Investment Bank (EIB) is lending EUR 300 million to Romania to support the environment sector projects under the Operational Programme Large Infrastructure during the 2014-2020 EU programming period, according to the EIB, says Business-Review.eu.

“The EIB loan will co-finance priority projects with a total value of some EUR 4.5 billion, contributing to an increase in Romania’s utilisation of EU grants. The operation will support the implementation of projects relevant for compliance with key EU directives regarding the water and municipal solid waste management sectors, delivering on climate action and environmental protection while at the same time contributing to sustainable development that translates into enhanced living standards,” says Cristian Popa, EIB vice-president.

“The signed financial contract is proof of the good cooperation between Romania and the EIB, which provides ongoing support for increasing the absorption of EU funds and achieving the conditions to which our country committed when joining the European Union,” says Anca Dragu, the Romanian minister of Public Finances.


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