The total programme is valued at up to €108 million, with the European Union (EU) providing a significant co-finance of €63.5 million.
Timişoara, one of Romania's largest cities, is participating in the EBRD Green Cities urban flagship programme. This financing will support the implementation of actions identified in the city's Green City Action Plan (GCAP), which was approved in 2024.
The investment is focused on the rehabilitation and modernisation of the network, including replacing 27 km of old pipelines. In addition, the historic Traian Square area will see comprehensive improvements, including upgrades to public spaces, pedestrian and bike infrastructure, tram lines, green areas, and utility networks.
The project also envisages the installation of LED street lighting, irrigation systems, and smart technologies such as traffic management software and CCTV.
Dominic Fritz, the Mayor of Timişoara, said: "The loan we are contracting is a very advantageous one and has a clear purpose: financing two major development projects for Timișoara – the urban regeneration for Traian area and the modernization of the district heating system. For these projects, we already have over €60 million secured from European funds.”
The EBRD has been a long-term investor in Romania, having invested more than €12 billion across 573 projects to date.
