EU Invests $18M In Water Infrastructure For Romania

Law360, New York (September 10, 2013, 6:19 PM EDT) -- The European Union Cohesion Fund and the European Bank for Reconstruction & Development on Tuesday announced they are upgrading water and wastewater services in the Romanian county of Dolj in an effort to reduce water losses, optimize costs and bring services in line with EU environmental directives. 

The European bank is providing the equivalent of roughly $18 million with a 15-year maturity to co-finance a regional investment program worth about $199 million, the bank said Tuesday. The loan includes significant grant funding from the EU and...
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