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29Apr93 ROMANIA: £50 MILLION ON ROAD TO ROMANIA - EBRD LOAN.

Road improvement schemes in Romania are set to benefit from a £50 million loan from the European Bank for Reconstruction and Development.The cash will form part of a £280 million package to improve infrastructure in the country.More than 1,100 kms of road will be upgraded during the scheme which will aim to involve as many local firms as possible.EBRD vice president Mario Sarcinelli said: 'Even when financing road rehabilitation, the European Bank does not forget its basic mandate to to promote the development of the private sector'.Much of the work is centred on sections from Bucharest to the Hungarian border with major improvements to road shoulders and drainage and bridge strengthening.Funding for the works is also coming from the World Bank, the European Investment Bank and the Romanian Government. CONSTRUCTION NEWS

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