Intesa Sanpaolo Bank, the Romanian subsidiary of the Intesa Sanpaolo Group, the most important banking group in Italy, signed with the municipality of Lugoj a green loan contract in the amount of RON 72.1 million (EUR 15 million) for a period of 12 years, according to a press release quoted by Bursa.ro.
This will support large-scale European projects, contributing to sustainable development and strengthening local infrastructure, according to the source.
The funds granted through this contract will be used to co-finance the expenses associated with several European projects in education and local public administration under the National Recovery and Resilience Plan (PNRR).
These projects fall under Component C5 - "The Renovation Wave" and the Regional Operational Program, Priority Axis 9 - "Supporting the economic and social regeneration of disadvantaged communities in the urban environment," according to the release.
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