BUCHAREST S2 THERMAL REHABILITATION II

Promoter – Financial Intermediary

MUNICIPIUL BUCURESTI - SECTORUL 2

Location

• Romania

Description

Financing energy efficiency refurbishments of 95 multi-apartment buildings in Bucharest

Objectives

This investment concerns the second phase of the refurbishment programme of multi-family housing in the municipality of Sector 2 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

Proposed EIB finance (Approximate amount)

EUR 22 million

Total cost (Approximate amount)

EUR 30 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 refurbishment 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