Kourkoumelis & Partners News Valcea, Romania, to upgrade water and wastewater services with EBRD loan
Valcea, Romania, to upgrade water and wastewater services with EBRD loan
13/12/2012 09:41

Up to €13.85 million to Valcea water utility will help extend and modernise water and wastewater networks. EBRD is supporting the modernisation of water infrastructure in Romania with an up to €13.85 million loan for a project, co-financed with EU regional investment programme, that will help improve water and wastewater services for residents of Valcea county in the centre of Romania in line with EU directives. The EBRD loan is extended to SC APAVIL SA Ramnicu Valcea (the “Company”), a regional water utility operating in Valcea County. The county, with about 413 thousand inhabitants, is planning to extend and modernise water and wastewater services, which will slash water losses and costs, in 6 agglomerations: Ramnicu Valcea, Dragasani, Calimanesti, Olanesti, Babeni, and Balcesti.

This loan will co-finance a regional investment programme approved by the EU under Romania’s Cohesion Fund Programme. The investment will help the county improve the quality of its water supply, wastewater collection and treatment services in line with EU directives, and will allow the company to considerably reduce water losses and operating costs.