The EIB loan will help Romania promote economic cohesion and ensure social equity. Additionally, through its advisory unit, the EIB will support project promoters to access grants under a parallel European Commission programme known as the Public Sector Lending Facility (PSLF).

"This partnership with CEC Bank strengthens our commitment to sustainable development in Romania," said EIB Vice-President Ioannis Tsakiris. "Our goal is to support initiatives that enable local communities to be resilient and adaptable in the face of change. This is an example of how our lending activity and advisory expertise can be combined to create real improvements at local level."

The financing agreement falls under a component of the European Green Deal known as the ”Just Transition Mechanism", which offers a combination of EIB loans and Commission grants for public entities in regions most affected by climate transition.

"Supporting investment projects of local public administrations, which directly contribute to community development and improving quality of life, represents a strategic direction for CEC Bank," said Bogdan Neacșu, CEO of CEC Bank. "The financing offered through the partnership with the European Investment Bank adds value in terms of stability and confidence, through competitive costs and maturities adapted to infrastructure projects. This collaboration strengthens CEC Bank's role as the main financial partner of local authorities in implementing investments for Romania's development."