|
Romanian city to benefit from EBRD loan
€15 million to improve streets and transport in City of Sibiu
The City of Sibiu, in central Romania, will have improved transport services
with the help of a €10 million EBRD loan to the city and a separate €5 million
loan to S.C. Tursib, the city’s wholly-owned public transport company.
The loan to the city will help finance a street rehabilitation programme
across three suburban areas comprising around 36 streets. The Bank will
syndicate part of the loan to Anglo-Romanian Bank Limited, the London-based
subsidiary of Banca Comerciala Romana. The €5 million to Tursib will help buy
30 new buses, as well as equipment to maintain these buses.
Thomas Maier, EBRD Director for Municipal and Environmental Infrastructure,
said the City of Sibiu has a focused strategy to improve its streets, urban
transport, and other infrastructure, and the EBRD is supporting that strategy,
which will ultimately benefit residents, tourists and businesses.
Last year, the Bank helped the city improve its urban transport through a €15
million loan to finance rehabilitation of the Railway Exchange Square, and
provided co-financing to a European Union ISPA funded project that supported a
water and waste-water improvement programme for Sibiu’s water company.
Klaus Werner Johannis, Mayor of Sibiu, said the EBRD’s loan is supporting our
initiative to improve the City of Sibiu. The loan is the latest in a
partnership between the Bank and Sibiu, and in this instance the EBRD is
helping to improve street safety.
Adrian Popa, General Director of Tursib, said the Bank’s loan is crucial to
helping us update our bus fleet. With passenger levels averaging around
60-65,000 people a day, it is important to cater for their services in the
best way possible, and the Bank’s loan is helping to do that. The new fleet
will consist of 22 large buses, and eight medium-sized buses which will be
used in the historic part of the city.
The EBRD is one of the largest investors in Romania, having committed more
than €3.1 billion in around 112 projects. In the Municipal and Environmental
sector alone, the Bank has committed nearly €400 million providing financing
for over €1.2 billion in investment in Romania.
|
