January 9 (SeeNews) - Romania's finance ministry said on Monday it has signed three financing contracts worth a total 260.6 million euro ($277 million) with the European Investment Bank (EIB), to be used for upgrades in the healthcare and infrastructure sectors.
A 50 million euro five-year loan was contracted to co-finance a road safety project worth 100 million euro, the finance ministry said in a press release.
The project includes 89 investments in the construction of roundabouts, overpasses or underpasses as well as in routing and signaling systems, and is expected to be completed by 2027. The national road infrastructure company CNAIR will be in charge of implementation.
The EIB will also finance two investment projects to support Romania's overburdened public hospital sector with over 210.6 million euro. The funds will be used to rehabilitate, expand, consolidate, upgrade and equip 26 hospitals across the country. The implementation will be ensured by the ministry of development, public works and administration, through the National Investment Company. It is estimated that these investments will be completed in 2025.
($= 0.937 euro)