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USD 180 mln. loan for improvement of Romania infrastructure

Luni, 27 noiembrie 2006, 0:00

The International Bank for Reconstruction and Development will provide a loan amounting to 180 million US dollars to Romania to cut costs in the transportation sector by improving the general quality of national roads and railway networks in the first several years of EU membership.

Romanian Finance minister Sebastian Vladescu and the World Bank manager for Romania Benoit Blarel signed the deal in this regard on Monday.

The loan is aimed at supporting the funding of rail and road maintenance programs amounting to 225 million USD.

The World Bank has delivered loans totalling five billion US dollars to Romania since 1990.

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