The European Investment Bank (EIB) said it is considering lending about 97
million euro ($123.3 million) to the Romanian capital of Bucharest for the
refurbishment of multi-family private housing.
Under the project, with a
total cost of 226 million euro,555 buildings with 45,537 apartmentswill be
refurbished to increasethermal energy-efficiency of the building envelope
-wall insulation, windows, roof and cellar insulation,the EIB said in a
statement on Monday.
The proposed investments, which willbe carried out
between 2014 and 2017,aim to reduce energy losses andconsumptionin buildings
located inBucharest's Sector 3.
Thermal rehabilitation of multi-storey
residential buildings is part of Romania'sNational Energy-Efficiency Action
Plan, which intends to benefit the environment by supporting projects that help
to reduce air pollution and mitigate climate change