Summary sheet
The project consists of a framework loan to support thermal building refurbishment in the municipality of Chisinau. The project includes two components; the first component will focus on the renovation of a list of pre-identified public buildings. The second component will be structured as a framework loan and allocations will target both the public and residential sectors.
The operation supports the external lending mandate objectives and priorities. The main objective of this project is to increase the energy efficiency of public and residential buildings, which will have a significant impact on CO2 emission reduction and thus contribute to climate change mitigation. Besides this, energy efficiency investments will generate local and regional economic activity, particularly in the construction industry, and therefore support the development of the private sector and small and medium-sized enterprises (SMEs).
This operation intends to bring environmental benefits by supporting projects that reduce energy consumption in public and residential buildings, thus helping to mitigate climate change as well as to improve comfort for users. The individual schemes to be financed are likely to be small and are expected to have a very limited negative environmental impact, if any at all. Given the scale, location and nature of the schemes in built-up urban areas, environmental impact assessment (EIA), as defined in the EIA Directive 2011/92/EU, would normally not be required. Compliance with the Bank's environmental and social standards will be further assessed during appraisal.
The Bank will require the municipality to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.
This operation is covered by the EU Guarantee for EIB loans outside the EU.