Photo © RGAB
Tis series provides an overview o successul public-private partnerships in various inrastructure sectors,where IFC was the lead advisor.Tis version refects updated results collected through a ormal project post-completion monitoring review.
IFC Advisory Services inPublic-Private Partnerships2121 Pennsylvania Ave. NWWashington D.C. 20433ifc.org/pppupdated
The Bucharest concession was Romania’s frst public-privatepartnership in the water and sanitation sector and one othe frst such transactions in the sector in Europe. IFC’s rolein structuring and implementing the transaction providedassurances to international operators and the municipalityabout this pioneering transaction. The transaction wascompleted in March 2000.
Romania: Bucharest Water andSanitation (RGAB)
Vivendi of France (now Veolia) won the bid to operate and maintain the water andsanitation system for 25 years. As of 2010, the company had invested more than $250million in upgrading and servicing the system, providing to the Bucharest metropoli-tan area’s 2.2 million one of the lowest water and sanitation tariffs in Europe. Theconcession has “massively improved water services, in Bucharest, lifting the city’s stan-dard of services above other Romanian towns and toward western European levels”(as reported in a 2010 evaluation of the concession by Castalia Strategic Advisors).