The European Investment Bank (EIB) is lending €19.5m, the second tranche of an approved EIB loan of €42m, to finance the next phase of refurbishing multi-family housing in Bucharest’s Sector 4.
Investments made with financing from the first tranche of €22.5m signed in October 2014 are currently being carried out. The EIB funds will enable the Sector 4 municipality to continue its energy efficiency investments for residential buildings. The project is expected to improve the energy efficiency of the buildings by up to 50 percent.
