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Signature(s)

Amount
€ 26,884,986.63
Countries
Sector(s)
Romania : € 26,884,986.63
Services : € 26,884,986.63
Signature date(s)
2/11/2012 : € 26,884,986.63
Link to source

Summary sheet

Release date
14 December 2011
Status
Reference
Signed | 02/11/2012
20110511
Project name
Promoter - financial intermediary
Bucharest Sector 4 Thermal Rehabilitation

The Municipality of Sector 4 Bucharest
Investments Department
Tel. +4021 335 92 30, Fax. +4021 337 07 90

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 60 million
Approximately EUR 81 million
Location
Sector(s)
Description
Objectives

The project concerns the thermal rehabilitation of multi-family housing in the municipality of Sector 4 Bucharest. In total 192 buildings with about 11 000 apartments shall be refurbished from 2012 until 2014. The investment will focus on thermal energy efficiency improvements of the building envelope (wall insulation, windows, roof and cellar insulation). The project is very similar to previous operations financed or under appraisal, concerning other sectors of the City of Bucharest.

The project continues the refurbishment of residential buildings under a programme started by the promoter since 2009. The proposed investments aim at reducing energy losses in multi-family lodgments and thus reducing consumption of energy. 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.

Environmental aspects
Procurement

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.

The Bank will require the Promoter to ensure that contracts for the implementation of the project shall be tendered in accordance with the relevant applicable EU procurement legislation (Dir 2004/18/EEC/ or 2004/17/EEC and Dir. 2007/66/EC), with parallel publication of tender notices in the EU Official Journal, as and where required under the Directives.

Link to source

Disclaimer

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

Documents

Environmental and Social Data Sheet (ESDS) - BUCHAREST S4 THERMAL REHABILITATION
Publication Date
28 Apr 2016
Document language
Main Topic
Lending
Document Number
66093951
Document Focus
Environmental Information
Project Number
20110511
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Completion Sheet (ESCS) - BUCHAREST S4 THERMAL REHABILITATION
Publication Date
30 Aug 2016
Document language
Main Topic
N/A
Document Number
68642526
Document Focus
Environmental Information
Project Number
20110511
Sector(s)
Regions
Countries
Publicly available
Download now

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Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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