Romania: Municipal Services Project

WASHINGTON, July 13, 2006- The following project was approved today by the World Bank’s Board of Executive Directors:

IBRD LOAN: US$131.7 million

TERMS: Grace period = 5 years; Maturity = 17 years

PROJECT DESCRIPTION: The main objective of this project is to assist Romania to meet European Union environmental directives in the water and wastewater sector, thereby improving the quality and coverage of water and wastewater services.

For project details, please call Miriam Van Dyck at (202) 458-2931 or email mvandyck@worldbank.org

For more information, please visit the project website:
http://web.worldbank.org/external/projects/main?pagePK=64283627&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P088252