Project number:


Business sector:

Municipal and environmental infrastructure

Notice type:


Environmental category:


Approval date:

08 May 2002



PSD disclosed:

19 Sep 2001

Project Description

The Bank proposes to assist the recently privatised water company (Apa Nova) with the improvement of the water distribution network and completion of the Crivina water-treatment plant in Bucharest.

Transition Impact

This would be the Bank’s first private municipal project in Romania. The transaction would:
  • strengthen operational performance and functioning of the existing water and sewerage system by involvement of the experienced operator;
  • introduce international management practices and develop operational expertise among Apa Nova’s staff; and
  • help the sponsor to develop local skills in areas such as operations management, energy efficiency, capital budgeting and financial management.

The Client

Apa Nova Bucuresti (Apa Nova) – the concessionaire of the water and sewerage system, which is owned by Vivendi Universal (83.7 per cent) and the city of Bucharest (16.3 per cent).

EBRD Finance

€75 million senior corporate loan to Apa Nova, of which €25 million would be offered for syndication to other banks.

Project Cost

Total project costs are estimated at €132 million.

Environmental Impact

The project has been screened B/0, requiring an environmental analysis. The project would bring environmental benefits by enabling the client to meet the EU standards in operations and quality of services in the water sector in Bucharest.

Technical Cooperation


Company Contact


Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

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Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

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