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Bucharest Sector 2 Thermal Rehabilitation

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Bucharest Sector 2 Thermal Rehabilitation

  •  Reference: 20110332
  •  Release date: 28 July 2011
Promoter – Financial Intermediary

The Municipality of Sector 2 Bucharest

Location
Description

The project concerns the thermal rehabilitation of multi-family housing in the municipality of Sector 2 Bucharest. In total 245 buildings with about 15000 apartments shall be refurbished in 2012 and 2013. The investment will focus on thermal energy efficiency improvements of the building envelope (wall insulation, windows, roof and cellar insulation).  The project builds up on the promoter’s past experience in the thermal rehabilitation of residential buildings started by the promoter in the past

Objectives

The project continues the future refurbishment of residential buildings under a programme started by the promoter since 2005. The proposed investments aim at reducing energy losses in multi-family lodgments and thus reducing consumption of energy resources. Thermal rehabilitation of multi-storey buildings is part of the National Energy Efficiency Action Plan of Romania aimed at bringing environmental benefits by supporting projects that help to reduce air pollution and mitigate climate change.

Comments
 
Sector(s)
Proposed EIB finance (Approximate amount)

Up to EUR 60 million

Total cost (Approximate amount)

Approximately EUR 80 million

Environmental aspects

This operation will bring environmental benefits by supporting projects that reduce energy consumption and thus help to reduce air pollution and mitigate climate change. The individual schemes to be financed are likely to be small and are expected to have limited negative environmental impacts. The Bank will assess the promoter’s capacity and procedures to ensure compliance with national and European environmental and biodiversity regulations, if applicable, as well as its capacity to support the Bank's Public Disclosure Policy, which aims at facilitating access by the public to environmentally relevant information.

Procurement

The Bank will require the Promoter to ensure that contracts for the implementation of the project have been or shall be tendered in accordance with the relevant applicable EU procurement legislation (Dir 2004/18 and 2004/17/EEC), with parallel publication of tender notices in the EU Official Journal, as and where appropriate.

Status

Signed   -   06/12/2012.


Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).



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http://www.eib.org/projects/pipeline/2011/20110332.htm