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European Investment Bank to conduct 10 projects in Romania this year

The European Investment Bank (EIB) will conduct 10 projects in Romania this year, with the adequate annual investment volume for a country the size of Romania standing at between 800 million and one billion euros, EIB Vice President Matthias Kollatz Ahnen said here on Friday.

The main sectors to which the EIB investments will be directed in 2011 include the public transport, the energy system, the heating plants' rehabilitation included, the buildings' energy efficiency, co-financing of the bank loans for SMEs and of the loans for the absorption of the European funds.

Romania ranks in the last third of the countries that get structural funds, the EIB official said, adding this means the authorities from other countries have managed to overcome the inherent difficulties of the first period of the structural funds management.The main cause for the small amounts Romania has managed to use from the structural funds is the low repayment of the funds for the achieved projects, said Kolla

Kollatz Ahnen: EIB is ready to invest in Bucharest metro network, if old loan goes well

The European Investment Bank (EIB) will invest again 'significant amounts' in the development of the Bucharest metro network, if the previous loan granted in this respect will be used in satisfying conditions, EIB Vice-President Mathias Kollatz Ahnen told Agerpres on Friday, while paying a visit to Bucharest on the occasion of the annual press conference on the EIB activity in Romania.

'At the end of 2009, we have already granted a significant loan for the development of the metro network of Bucharest and we are ready to keep investing in the underground transport of Romania's capital, if the old contract is carried out in a satisfying manner. Until now, I would say that the project we financed through the contract of 2009 has developed reasonably, but we must see how it develops in the coming few weeks, and then we are ready to finance the next stage,' mentioned the EIB Vice-President, who is in charge of the loans granted to Romania.

As one of the objectives of the EIB is to invest in sectors ensuring a multiplication of the investment in the Romanian economy, other projects in transports stand the chance to receive money from the EIB. 'Another concrete investment project that we can discuss this year in the transport field will be the rehabilitation of the Romanian railway sector which is part of Corridor IV, one of the most important pan European transport networks. This is another project currently in the analysis and preparing stage,' Matthias Kollatz Ahnen said.

The EIB invested 3.9 billion euros in Romania, in the period 2006-2010, and the loans granted since the beginning of its activity in Romania, in 1990, amount to 8.1 billion euros. In 2006-2010, 34 percent of the money granted by the EIB went to transport infrastructure projects, 21 percent to industry and services, 20 percent to water supply and urban infrastructure, and 12 percent to energy.

The main fields targeted by the EIB investments in 2011 are the public transports, the energy system, the rehabilitation of some thermal power plants included, the buildings' energy efficiency, industry, the co-financing of bank loans for SMEs and for European funds' absorption.

President Basescu met EBI vice-president at the Cotroceni Palace

Romanian President Traian Basescu welcomed Matthias Kollatz-Ahnen, vice-president of the European Investment Bank (EBI), at the Cotroceni Palace on Friday, saluting the cooperation with the EBI to date and hoping for its future development.

'The meeting allowed us to approach topics like the activity conducted by the EBI in Romania, the stage and the expectations from the major projects they finance, projects to contribute to the vital activity sectors' development, mainly transports and energy, and to a better absorption of the European funds,' reads a release of the Presidential Administration sent to Agerpres on Friday.

Matthias Kollatz-Ahnen told the annual press conference on the bank's activity in Romania, which was held on Friday, that the EBI was going to finance ten projects in Romania in 2011, the proper amount of annual investments for a country the size of Romania ranging between 800 million and one billion euros.

The EBI investments in 2011 will focus on the public transport, the energy system, including here the restoration of several thermal power plants, the buildings' energy efficiency, the co-financing of bank's loans for small and medium-sized enterprises on the one hand, and of loans to absorb European funds on the other.'Romania ranks somewhere in the bottom third among the countries to be granted structural funds,' the EBI vice-president stressed.

Sursa: http://www.actmedia.eu

Tags: energy transport loans funds activity granted friday ahnen projects investment romania president kollatz european

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