The European Investment Bank announces that Romania has formally requested a 4 billion Euro financing to support health and transport investment across the country as part of the National Resilience Recovery Plan, as well as of the 2021-2027 programming period.

Minister of Finance Adrian Caciu formally requested EIB co-financing for priority investment during a meeting with EIB Vice President Christian Kettel Thomsen in Bucharest earlier today, EIB says.

“Investments from the Recovery and Resilience Funds, Europe’s COVID response, provide a once in a generation opportunity. The European Investment Bank welcomes the formal request to support large scale health and transport investment across Romania in the years ahead and to further strengthen our cooperation with Romanian partners when examining, planning, and financing individual schemes.” said Christian Kettel Thomsen, European Investment Bank Vice President.

Romania’s first request for National Resilience Recovery Plan co-financing will ensure that investment of the 30 billion Euro available to Romania under the pan-European Recovery and Resilience Funds will be enhanced by additional EIB financing and assessment of the high-impact, economic viability, and technical best-practice of individual schemes.

Following today’s formal request, the EIB will appraise health, metro, railway, and roads projects and ensure that potential projects can represent 50 percent of climate action investment. Appraisal, approval, and financing of eligible projects will take place over the coming 4 years.