Summary sheet
The project consists of energy efficiency investments in residential buildings in Bucharest S5. This project falls under the Smart Finance for Smart Buildings (SFSB) Initiative, a joint initiative of the EIB Group and the European Commission (EC) aiming at supporting Energy Efficiency investments in buildings.
This investment programme concerns the refurbishment of multi-family private residential buildings in Sector 5 in the municipality of Bucharest in Romania and this will contribute to the SFSB (Smart Finance for Smart Buildings) initiative. This is the first investment programme in energy efficiency in buildings in Sector 5. Approximately 100 buildings will be refurbished. The investment will focus on thermal energy efficiency improvements of the building envelope. In addition, small-scale investments regarding the heating system may also be included.
This operation will bring environmental benefits by supporting components that reduce energy consumption and thus help to reduce air pollution and mitigate climate change. The buildings to be rehabilitated are expected to have limited negative environmental impacts during construction. The Bank will assess the promoter's capacity and procedures to ensure compliance with national and European environmental regulations and Environmental Impact Assessment (EIA) Directive 2014/52/EU amending the 2011/92/EU.
The promoter is a public entity and therefore public procurement rules will apply. The Bank will review systems and procedures applied by the promoter during the appraisal to ensure that the promoter will follow suitable procurement procedures, ensuring an appropriate selection of works, goods and services offered at competitive prices, such that contracts will be in line with the project's best interests. The review will include verifying compliance with relevant national and EU legislation on procurement (Directive 2014/24/EU as well as Directives 89/665/EEC and 92/13/EEC), which may include a publication in the OJEU where appropriate.
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).
Documents
General enquiries and comments
The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.
Media enquiries
Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.
Complaints mechanism
Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.
Zero tolerance against fraud and corruption
The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.
Related publications