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    Signature(s)

    Amount
    € 42,000,000
    Countries
    Sector(s)
    Romania : € 42,000,000
    Services : € 42,000,000
    Signature date(s)
    22/03/2016 : € 19,530,000
    3/10/2014 : € 22,470,000

    Summary sheet

    Release date
    21 May 2014
    Status
    Reference
    Signed | 03/10/2014
    20120546
    Project name
    Promoter - financial intermediary
    BUCHAREST S4 THERMAL REHABILITATION II
    MUNICIPIUL BUCURESTI - SECTORUL 4
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 48 million
    EUR 64 million
    Location
    Sector(s)
    Description
    Objectives

    Financing a multi-annual (2014-2016) investment programme for the thermal rehabilitation of about 201 multi-storey residential buildings with about 13,879 apartments located in the Sector 4 of Bucharest. The project follows up on the 1st phase of the energy efficiency programme for residential buildings undertaken by the Municipality of Sector 4 of Bucharest and financed by the EIB in 2012.

    The proposed investments aim at reducing energy losses in multi-family lodgements and thus reducing consumption of energy resources. Thermal rehabilitation of multi-storey residential 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. For all buildings refurbished under the operation, energy performance certificates will be required. An independent verification of the quality of works and achieved energy savings will be implemented under the supervision of the Bank for selected buildings.

    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 promoter is a public entity and therefore public procurement rules will apply. The Bank will review systems and procedures applied by the promoter during appraisal to ensure that the promoter will follow suitable procurement procedures, ensuring an appropriate selection of works, goods and services offered at competitive prices, such that contracts will be in line with the project’s best interests. The review will include verifying compliance with relevant national and EU legislation on procurement, which may include publication in the OJEU where appropriate.

    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).

    Documents

    Environmental and Social Data Sheet (ESDS) - BUCHAREST S4 THERMAL REHABILITATION II
    Publication Date
    26 Jul 2014
    Document language
    Main Topic
    Lending
    Document Number
    53797075
    Document Focus
    Environmental Information
    Project Number
    20120546
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Completion Sheet (ESCS) - BUCHAREST S4 THERMAL REHABILITATION II
    Publication Date
    23 Dec 2021
    Document language
    Main Topic
    Lending
    Document Number
    147077449
    Document Focus
    Environmental Information
    Project Number
    20120546
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

    News & Stories

    General enquiries and comments

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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.
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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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