EBRD backs Romania road PPPs

The Romanian city of Galati has received a loan from the European Bank for Reconstruction and Development (EBRD) for the development of its road PPP programme.

Following approval of the support from the EBRD, the €27m project is now expected to hit the market in the first quarter of 2016.

Contracts to be financed with the proceeds of the loan will be subject to the bank's procurement policies and rules and will be open to firms from any country.

The funds will be used to support the rehabilitation of three main city roads.

In addition, the project will include renewal of the trolley buses fleet and improving the ticketing collection by introducing a modern automated fare collection system.