Corporate and Institutional Development: the objective of the project is to satisfy critical water and wastewater investment needs of small and medium-sized municipalities, which will improve operational efficiency.
The PHARE co-financing together with the government’s support is substantial and will alleviate affordability constraints for investments which otherwise would be difficult to finance. EBRD involvement will play a significant role in leveraging EU grant funding for environmental investments.
- The project will promote the application of cost recovery principles at the local level. This will be enhanced as the project entails components for metering which will enable the ROC to accurately assess water usage.
a Regional Operating Company (ROC), a newly created limited liability company formed along river basin lines owned by an Association of Municipalities (AoM). The AoM will consist of seven participating municipalities as well as the counties of Cluj and Salaj. The newly create ROC will include the water utility of Cluj, which has experience in managing internationally financed programs such as MUDP II and ISPA.
the Romanian government as guarantor.
- Salaj County as initial borrower.
- Phare investment grant: € 5.4MM
- EBRD: € 7.2MM
- Govt of Romania: € 1.8MM
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