Apa Braşov secures 25M EUR loan for EU water infrastructure project
1 report, 1 independent
Updated Sep 24
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What happened
Apa Braşov secured a 25 million euro loan from the European Bank for Reconstruction and Development to cover its contribution to a large EU-funded project. The project aims to modernize water supply and sewerage networks across the county. The Brasov County Council approved the loan, which is set to have a 15-year repayment period with a four-year grace period.
From stiripesurse.ro
Why it matters
The project, valued at approximately 200 million euros, involves the modernization of over 520 kilometers of water and sewerage networks, along with the construction of new reservoirs and treatment plants. This investment utilizes non-reimbursable EU funding alongside the secured loan.
From stiripesurse.ro