Dec. 15 (Bloomberg) -- The European Investment Bank will lend about 498 million euros ($648 million) to two state-owned Romanian companies to fund the extension of the metro network and upgrade a coal-fired power plant.
The EIB, the European Union’s financing arm, will lend 465 million euros to Metrorex SA, Romania’s metro network operator, for the construction of a new corridor in the Romanian capital of Bucharest, the Finance Ministry said in an e-mailed statement today.
The bank will also lend 33 million euros to Termolectrica SA’s Paroseni unit for the upgrade of a coal-fired heat and power plant, according to the statement.
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