EUR 809 million EIB Group support for COVID-19 resilience, education, water, energy efficiency and private investment in Romania

Higher education, water distribution, energy efficiency and private sector investment across Romania will benefit from more than EUR 809 million of new financing from the European Investment Bank and European Investment Fund agreed with Romanian public and private partners last year.

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https://www.eib.org/press/all/2021-096-eur-809-million-eib-group-support-for-covid-19-resilience-education-water-energy-efficiency-and-private-investment-in-romania

Retrieved on:

Thursday, March 18, 2021

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European Union, Europe, Multilateral development banks, Continents, European Investment Bank, Romania, EIB, European Bank for Reconstruction and Development, Water privatization in Bucharest

Summary

Key Points:

Higher education, water distribution, energy efficiency and private sector investment across Romania will benefit from more than EUR 809 million of new financing from the European Investment Bank and European Investment Fund agreed with Romanian public and private partners last year.
The close cooperation between the EIB Group and Romania has transformed economic opportunities, priority infrastructure and key services in our country.
The strong pipeline of future EIB and EIF engagement in Romania will build on this impressive track record.
The excellent collaboration between Romanian public and private partners and colleagues from the European Investment Bank Group, including our technical and financial experts in Bucharest, have once again delivered transformational support for economic, social and climate investment in Romania.
The EUR 809 million new EIB and EIF financing agreed in 2020 will benefit thousands of companies, students and households across the country in the years ahead.
In 2020 the EIF provided more than EUR 387 million of new financing for small businesses across Romania.
Accelerating investment to transform higher education in Romania Last summer the EIB launched its first streamlined higher education financing scheme in Romania.
Cutting heating costs in homes and schools Last year the EIB continued its track record of supporting energy efficiency in Romania and agreed EUR 42 million of new financing toward the Energy Efficiency Investment Programmes of three districts in Bucharest.
This new support will assist implementation of Romanias National Energy Efficiency Action Plan and the EU Resource Efficiency Initiative.