EIB supports Romania with EUR 360 M to facilitate EU funds’ absorption

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Romania gets a loan of EUR 360 million from the European Investment Bank (EIB) to finance the national contribution to growth-oriented investments during the 2014-2020 EU programming period under Operational Programmes targeting competitiveness, human capital and large-scale infrastructure.

According to a press release, this loan will support the Romanian Partnership Agreement with the EU for the 2014-2020 programming period, focusing on investments in the areas of energy, environmental improvement, Research & Development and Innovation (RDI), Information and Communication Technology (ICT), employment, education and social amenities.

“This EIB loan follows on from the EUR 1 billion National Strategic Reference Co-Financing Loan for transport and environmental projects provided under the 2007-2013 programming period and the EUR 300 million loan for environment sector projects under the Large Infrastructure Operational Programme during the 2014-2020 EU programming period, which was signed at the EIB’s headquarters in Luxembourg on 16 June 2016,” the release reads.

At the same time, the EU bank has signed two Project Advisory Support Service Agreements worth some EUR 19 million, with the National Public Procurement Agency (ANAP) and the Ministry for European Funds respectively. The first Service Agreement provides for assistance to ANAP to establish a national public procurement strategy, part of the fundamental conditionality set by the EU for the 2014-2020 programming period.

The second will support project implementation by beneficiaries under the EU’s Large Infrastructure Operational Programme (namely the National Roads and Motorways Company, the National Railway Company and water and waste sector beneficiaries, mainly including regional operational companies).

The EIB’s “Project Advisory Support” technical assistance programme provides advisory services to the Managing Authorities and beneficiaries of European Structural and Investment Funds (ESIF) in Romania under the 2014-2020 EU financial perspective. These technical assistance services aim to improve the quality of projects and investments funded by the Structural Funds, disseminate best practices across the EU and contribute to enhanced cohesion.

 

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