The funds will be used to part-finance the extension and rehabilitation of water supply and wastewater collection systems in 16 locations across the county.
Residents of the Iasi county will gain access to clean water with the support of EBRD loan.
The water project is part of the €136m ($195.93m) EU Cohesion Funds program for Iasi, under which 90% of the county’s population will be serviced by a wastewater collection and treatment system which is compliant with EU regulations and standards.
The EBRD loan is part of the €200m ($288.16m) Regional EU Cohesion Fund Water Co-Financing Framework set up by the Bank in order to help Romanian municipalities benefit from the financing available from EU Cohesion Funds.
Technical cooperation support for the project is provided by the EBRD Shareholder Special Fund.
EBRD Municipal and Environmental Infrastructure director Jean-Patrick Marquet said the investment is supporting environmental improvements and the regionalisation of water and wastewater services in line with the EU standards and at affordable tariffs.
