EIB lends EUR 1bn to co-finance transport infrastructure in RomaniaStaff Writer | July 19, 2017
The European Investment Bank (EIB) is lending EUR 1bn to co-finance with European Structural and Investment Funds priority transport infrastructure projects totalling EUR 6.8bn to be implemented across Romania during the 2014-2020 EU programming period.
Europe With EU grants
The location of the projects will vary, although the majority will be implemented in less developed regions of Romania and/or on TEN-T priority axes.
The investments will benefit from EU grants and focus on promoting sustainable transport and removing bottlenecks in key network infrastructures.
Emphasis will also be given to the development of multimodal transport systems and the reduction of the environmental impacts of transport.
The borrower is Romania, represented by the Ministry of Public Finance, the promoter is the Ministry of Transport and the beneficiaries of the projects are the relevant national authorities and companies implementing projects under LIOP. ■