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Romania seeks 4 bln euro loan from EIB to finance RRF projects

Romania seeks 4 bln euro loan from EIB to finance RRF projects Romanian government building - Victoria palace Source:

BUCHAREST (Romania), September 22 (SeeNews) - Romania's government said it has approved a memorandum seeking a 4 billion euro ($3.97 billion) loan from the European Investment Bank (EIB) to finance reforms and investment projects under under the EU's Recovery and Resilience Facility (RRF).

The potential financing would be directed to projects in the road, railway and subway transportation as well as in health, which are already included in the country's National Resilience and Recovery Plan, according to data posted on the government's website on Wednesday.

Earlier this month, the European Commission said it has issued a positive preliminary evaluation of Romania's first payment request of 2.6 billion euro under the RRF.

The country's recovery and resilience plan is worth 29.2 billion euro in grants and loans, of which 3.7 billion euro have already been disbursed in pre-financing.

Investment projects under Romania's PNRR are focused on six areas: green transition; digital transformation; sustainable, intelligent and inclusive growth; social and territorial cohesion; health, social and institutional economic resilience; policies for the next generation of children and young people.

($=1.0066 euro)