Bucharest to get EUR42M for Energy Efficiency Upgrades

THE European Investment Bank (EIB) is lending €22.47 million, the first tranche of €42 million, to finance the second phase of an energy efficiency programme in Bucharest, Romania..

The programme is the refurbishment programme for multi-family housing in Bucharest, which is expected to result in around 50% savings in the heating energy consumption of the buildings concerned.

The EIB funds will finance up to 75% of the costs of this significant energy saving project, contributing to increasing the quality of life of Bucharest’s citizens. In addition, it will help to implement both the Romanian Government’s National Energy Efficiency Action Plan and the EU Resource Efficiency Initiative.

Picture of Dambovita near Ciurel Bridge in Bucharest by Cristian Chirita reproduced under CCL.

Friday 10th October 2014

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