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EBRD analyses 15 million Euro loan for Sibiu infrastructure

European Bank for Reconstruction and Development analyses granting a loan worth 15 million Euro to the city hall in Sibiu for financing the development of city road infrastructure.

2015-06-24 14:18:42

The EBRD board will discuss the granting of the loan in September this year, for a total cost of projects estimated at 18.35 million Euro. The objective is to improve the road management and maintenance in Sibiu city and costs optimization.

Since 2005, the city hall in Sibiu contracted 3 loans from EBRD, money used to different improvement projects targeting the city infrastructure and management, like roads, water pipeline infrastructure and sewerage. Up to now, the funds rehabilitated almost 100 streets, 2 markets, a viaduct and the building of a road bridge.



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