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BUCHAREST (Romania), October 8 (SeeNews) - Romania's capital Bucharest will start implementing a waste water treatment project worth an estimated 416.5 million euro ($565 million), value added tax included, the city hall said.
The project envisages the rehabilitation of the Glina waste water treatment plant and of the Dambovita collecting channel, the municipality said in a statement on Monday.
Works also include the expansion of the water treatment plant to reach a capacity of 12 cubic metres per second and the construction of an incinerator with the capacity to burn 400 tonnes of sludge per day.
Some 62.6% of the project's value will be financed with EU funds, 8.4% will come from the local and public budget and the remainder from loans.
This is the largest environmental project carried out in Romania so far and represents the second phase of a bigger project. The Glina plant was put into service in 2011 following the completion of the first phase, worth 108.3 million euro.
The investment will benefit the residents of Bucharest and 11 surrounding villages and will reduce pollution on the Dambovita river, the Danube river and eventually, the Black Sea, the statement added.
($ = 0.737 euro)