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    Reference: 20160764
    Release date: 14 October 2016

    Promoter – Financial Intermediary

    MUNICIPIUL BUCURESTI - SECTORUL 6

    Location

    Description

    Financing energy efficiency refurbishments of 112 multi-apartment buildings in Bucharest Sector 6

    Objectives

    This investment concerns the second phase of the refurbishment programme of multi-family housing in the municipality of Sector 6 in Bucharest. The project will focus on thermal energy efficiency improvements of the building envelope (wall insulation, windows, roofs and cellar insulation) as well as optimisation of the heating systems.

    Sector(s)

    • Services - Public administration and defence; compulsory social security

    Proposed EIB finance (Approximate amount)

    EUR 37 million

    Total cost (Approximate amount)

    EUR 54 million

    Environmental aspects

    This programme will consist of projects that intend to bring environmental benefits by supporting measures which reduce energy consumption, and help to mitigate climate change. The sub-projects to be financed under the different allocations are small and are expected to have a very limited negative environmental impact. Given the scale, location and nature of the sub-projects an environmental impact assessment (EIA), as defined under the EIA Directive 2011/92/EU, is normally not required. The sub-projects consisting of thermal building refurbishments of buildings will comply with the requirements of the Energy Performance of Buildings Directive 2010/31/EU.

    Procurement

    The Bank will require the promoter to ensure that contracts for the implementation of the project have been/ shall be tendered in accordance with the relevant applicable EU procurement legislation (Directives 2004/18/EC and/or 2004/17/EC as well as Directives 89/665/EEC and 92/13/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU, as and where required.

    Status

    Signed - 20/12/2016

    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).

    Related tags

    Romania Services