Reference: 20180581
Release date: 30 October 2019

Promoter – Financial Intermediary




The projects foresees energy efficiency improvements targeting public buildings, mainly polyclinics in Yerevan, Armenia.


The project involves the rehabilitation of municipal buildings, mainly polyclinics, in Yerevan, the capital city of Armenia.


  • Services - Public administration and defence; compulsory social security

Proposed EIB finance (Approximate amount)

EUR 12 million

Total cost (Approximate amount)

EUR 20 million

Environmental aspects

This operation intends to bring environmental benefits by supporting i) projects that reduce energy consumption in public buildings and ii) projects with other small specific energy efficiency measures, having a short payback, thus helping to mitigate climate change as well as improving seismic safety and accessibility for disabled people. 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, should 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 of Yerevan to ensure that implementation of the project is done in accordance with the Bank's Guide to Procurement.


Under appraisal - 9/07/2019


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

Armenia Services