Romania Ask EIB For 4 Bln Euros To Fund Health And Transport Investment

BUCHAREST, Romania - Romania has asked the European Investment Bank for 4 billion euros to co - finance transport and healthcare investment projects agreed under the country's European Union recovery funds package, the finance ministry said on Monday.

The east European country could get up to just under 30 billion euros in grants and cheap loans meant to help lift economies from the COVID-19 pandemic. Brussels approved its plan and reform targets last year.

Following Monday's formal request, the EIB will appraise health, metro, railway and roads projects and ensure that the potential can represent 50% of climate action investment," the bank said in a statement, adding approval and funding will take place over the next four years.