Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

EBRD May Lend as Much as $12 Million to Romanian Water Utility

Nov. 7 (Bloomberg) -- The European Bank for Reconstruction and Development is considering lending as much as 9.2 million euros ($12 million) to the Romanian utility Hidroprahova SA to fund part of the company’s regional investment program.

The lender is considering providing the money as part of its 130 million-euro loan under the regional European Union Cohesion Fund water co-financing framework aiming to help fund projects to upgrade Romania’s water and sewage networks, the London-based EBRD said today in a website statement.

The loan may help Hidroprahova extend the water and sewage infrastructure in eight towns in the southern county of Prahova including Breaza, Baicoi, Campina, Mizil, Plopeni, Sinaia, Urlati and Valenii de Munte, according to the statement.

The investments aim to reduce water losses and expand the water supply and wastewater collection and treatment services in the county to meet EU directives, it said.

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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.