BANCI | ENGLISH

EBRD financing to upgrade urban infrastructure in Medias, Romania

Autor: Bancherul.ro
2011-10-02 15:32

The EBRD is providing new financing to support the reform of Romania’s urban transport sector and to improve living standards in Romanian towns. The Bank is supporting the modernisation of municipal infrastructure in Medias, a city in the central Romanian region of Transylvania, with a local currency loan of RON 33 million worth the equivalent of €7.85 million, said the bank in a press release.

The RON 33 million credit will address urgent infrastructure needs in Medias, the second largest industrial city in Sibiu County, home to a number of large natural resource and industrial companies.

Extended in local currency, under the EBRD’s Urban Road Management and Rehabilitation Framework, the loan will help Medias municipality to mitigate foreign exchange risk. It will be used to finance investment in a comprehensive street rehabilitation programme and related water and wastewater network investments.

As part of the project, 47 road segments with a total length of over 12.5 km within Medias city centre will be modernised, as well as 5.7 km of streets in the nearby village of Ighisul Nou. In addition water supply, wastewater and storm water collection networks along these segments will be rehabilitated.

“This important project will bring considerable improvements to the quality of life of the citizens of Medias. Improved roads will reduce travel times and facilitate access to local businesses and tourist sites, while the modern water networks will bring important health benefits to the population,” said Jean-Patrick Marquet, director of the municipal and environmental infrastructure team at EBRD.

“Signing this contract with the EBRD is an essential step for our municipality and its citizens, as the Bank will provide the needed support in order to modernize the infrastructure of Mediaş, which will lead to important benefits for all its inhabitants. This loan is of a vital importance for our municipality, as it offers us the opportunity to implement an innovative project with the guidance and support of a very prestigious financing institution,” said Teodor Neamtu, mayor of the city of Medias.

The EBRD loan is supported by €265,000 in grant financing for technical due diligence as well as procurement and implementation support. The technical assistance is being provided by the Bank and the government of Portugal.

In 2010 the EBRD provided similar loans to the municipalities Sibiu and Sfantu Gheorghe. The Bank’s Urban Road Management and Rehabilitation Framework features performance-based road contracting that will improve the quality of road management and maintenance.

Since the beginning of its operations in Romania the EBRD has committed over €5 billion in various sectors of the country’s economy, mobilising additional investment of €8.4 billion.

Comentarii

Adauga un comentariu

Adauga un comentariu folosind contul de Facebook

Alte stiri din categoria: ENGLISH

Merger of Alpha Bank and UniCredit Bank Romania

Press Release: "Alpha Services and Holdings announces a strategic partnership with UniCredit in Romania Merger of Alpha Bank Romania and UniCredit Bank Romania and creation of third largest bank in Romania by total assets, with Alpha Bank retaining a detalii

National Bank of Romania (NBR) Board decisions on monetary policy

NBR Board decisions on monetary policy In its meeting of 4 April 2023, the Board of the National Bank of Romania decided: • to keep the monetary policy rate at 7.00 percent per annum; • to leave unchanged the lending (Lombard) facility rate at 8.00 percent per annum and the deposit facility rate at 6.00 percent per annum; • to keep the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions. The annual inflation rate went down to 15.52 percent in February 2023, from 16.37 percent in December 2022, relatively in line with forecasts. The decrease was mainly driven by the sizeable drop in the dynamics of fuel and detalii

ING posts 2022 net result of €3,674 million, dividend of €0.389 per share

ING press release: ING posts FY2022 net result of €3,674 million,
proposed final 2022 dividend of €0.389 per share

4Q2022 profit before tax of €1,711 million; CET1 ratio remains strong at 14.5%
•
Profit before tax up 29% on 4Q2021 and 24% on 3Q2022, mainly driven by higher income
•
Higher net interest income, as a further increase in liability margins helped offset TLTRO impact this quarter
•
Risk costs declined to 17 bps of average customer lending

Full-year 2022 net result of €3,674 million, supported by growing customer base and increase in lending and deposits
•
On a full-year basis, our primary customer base grew by 585,000 detalii

BT Financial Results as at 30 September 2022

BT Financial Results as at 30 September 2022 Banca Transilvania – sustained growth in customers and operations during the first nine months of the year "We continued our robust growth in the number of clients and transactions, with a dynamic well above the market average. We have been growing steadily and continued financing companies and individuals, despite the fact that the financial market is more fraught with uncertainty than ever and
the funding costs and capital requirements are additional factors driving the uncertainty in the economy. We remain committed to our objective - to be the main supporter of the economy and of the state for the development of Romania", states Mr. Ӧmer Tetik, Chief Executive detalii

Vezi toate stirile

18.04.2024

1 EUR = lei
1 USD = lei

Sursa BNR

Profil de Bancher

Anca MITROI, Director adjunct vanzari
BCR Leasing

... vezi profil

Toate Profilele

Profil de Banca

CPBR

vezi detalii

Toate Bancile

Filmul Parking, un cliseu plictisitor

Toate stirile

ING Bank

Toate stirile

Ultimele Comentarii

nevoia de banci
De ce credeti ca acum nu mai avem nevoie de banci si firme de asigurari? Pentru ca acum avem ... detalii
Mda
ACUM nu e nevoie de asa ceva .. acum vreo 20 de ani era nevoie ... ACUM de fapt nu mai e asa multa ... detalii
oprire pe salariu garanti bank
mi sa virat 2500de lei din care a fost oprit 850 de lei urmand sa mi se deblocheze restul sumei ... detalii
Amânare rate
Buna ziua, Am rămas în urma cu ratele , va rog frumos sa ma ajutați cumva , soțul a pierdut ... detalii
Am depus bani și nu mi au intrat in cont
Sa se rezolve ... detalii

Nume	*
E-mail	*
E-mail prieten	*
Mesaj
Cod validare	*
	Tastati codul din imagine (doar cifre)
	195.154.184.126