Release date: 13 January 2017
Promoter – Financial Intermediary
MUNICIPALITY OF CHISINAULocation
Description
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.
Objectives
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).
Comments
This operation is covered by the EU Guarantee for EIB loans outside the EU.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 10 million
Total cost (Approximate amount)
EUR 25 million
Environmental aspects
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.
Procurement
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.
Status
Signed - 23/11/2017
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).