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Romanian Water Utility Seeks to Borrow $13 Million for Upgrades

Sept. 21 (Bloomberg) -- The Romanian utility Compania de Utilitati Publice RA Focsani plans to borrow as much as 45 million lei ($13 million) to fund water and sewage upgrades in the eastern county of Vrancea.

RA Foscani is seeking bids for a revolving credit line under a 240-month contract by Nov. 6 as the utility plans to use the funds to co-finance the upgrade project, according to an EU procurement document published today.

To contact the reporter on this story: Irina Savu in Bucharest at isavu@bloomberg.net.

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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