Romanian water firm given €10m to extend services

One of the largest water utilities in Romania has been given a €10m (£7.9m) loan to help extend its services in the region. More than 10,000 people are to get […]

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By Priyanka Shrestha

One of the largest water utilities in Romania has been given a €10m (£7.9m) loan to help extend its services in the region.

More than 10,000 people are to get access to a safe water supply and nearly 20,000 people will be connected to sewerage networks in 17 towns and villages as a result of the investment.

The European Bank for Reconstruction and Development (EBRD) is providing the cash to SC Raja SA Constanta alongside the EU Cohesion Funds of €47.5 million (£37.8m).

Jean-Patrick Marquet, EBRD Director for Municipal and Environmental Infrastructure said: “We are pleased to provide further financing to ensure that more people can benefit from the water and wastewater services supplied by the company, ensuring important environmental benefits.”