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The EIB will provide a loan in the amount of 30 million euros for the implementation of the project "Energy Efficiency in Moldova" with a total value of 75.5 million euros.

The EIB will provide a loan in the amount of 30 million euros for the implementation of the project "Energy Efficiency in Moldova" with a total value of 75.5 million euros.

This is envisaged by a draft of the corresponding financing contract between Moldova and the European Investment Bank for the implementation of this project. Negotiations on the signing of this document were approved by the Cabinet at a meeting on Wednesday, having formed a group of negotiators headed by the Secretary of State of the Ministry of Infrastructure and Regional Development Constantin Borosan, who entrusted the authority to sign the protocols of negotiations and other documents related to the negotiations under consideration. According to Deputy Prime Minister, Minister of Infrastructure and Regional Development Andrei Spinu, the project is aimed at introducing a national program to improve the energy efficiency of public buildings in Moldova. These are buildings of central public and local authorities, characterized by low energy efficiency due to old construction and an acute lack of investment in consolidation and energy efficiency improvements during their use. It is envisaged that for the implementation of the mentioned project, Moldova will receive a loan from the EIB of 30 million euros. Another loan of the same amount will be provided by the EBRD. A grant of 15 million euros for the same purposes will be provided by the EU Neighborhood Investment Platform (NIP), and another 0.5 million will be provided by the Eastern Partnership Trust Fund for Technical Assistance. Thus, the total project budget will amount to 75.5 million euros. The term of its implementation is 4 years (2022-2025). The main beneficiaries of the project will be state-owned buildings of national and local importance, mainly of a social nature, mainly hospitals and medical institutions of republican importance, as well as schools and kindergartens. Thanks to the implementation of the project, citizens will have access to better services. The objectives of the project are to improve the energy efficiency of buildings, thermal modernization of buildings: installation of modern energy efficient equipment, heating, ventilation, air conditioning systems, the introduction of lighting and heat distribution systems, the use of renewable energy sources, if technically possible, etc.// 20.10.2021 — InfoMarket

News on the subject

The Swiss company Schoeni is investing 1.5 million euros in the construction of a plant for processing vegetables and fruits in Moldova.
The Swiss company Schoeni is investing 1.5 million euros in the construction of a plant for processing vegetables and fruits in Moldova.
Applications for the tender to select companies to restore the main arena of the Chisinau circus are accepted until October 18.
Applications for the tender to select companies to restore the main arena of the Chisinau circus are accepted until October 18.
The Chisinau City Hall will receive a grant of 21.5 million lei for the implementation of the project “Composting plant waste and processing construction waste in Chisinau".
The Chisinau City Hall will receive a grant of 21.5 million lei for the implementation of the project “Composting plant waste and processing construction waste in Chisinau".
The United States will provide Moldova with a grant aid of $ 72.53 million, which our country could not receive and utilize earlier within the framework of two grant agreements for a total of $ 167.53 million.
The United States will provide Moldova with a grant aid of $ 72.53 million, which our country could not receive and utilize earlier within the framework of two grant agreements for a total of $ 167.53 million.
The EBRD will provide Moldova with an additional loan of about 24 million euros for the reconstruction of the country's railway infrastructure, in particular, the section of the Bendery-Causeni-Basarabeasca-Etulia-Giurgiulesti railway.
The EBRD will provide Moldova with an additional loan of about 24 million euros for the reconstruction of the country's railway infrastructure, in particular, the section of the Bendery-Causeni-Basarabeasca-Etulia-Giurgiulesti railway.
The World Bank will provide Moldova with additional financing in the amount of 24.8 million euros for the project "Emergency response to COVID-19".
The World Bank will provide Moldova with additional financing in the amount of 24.8 million euros for the project "Emergency response to COVID-19".