Short description of the overall project

The European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the bank of the European Union and the European Union (EU) will jointly provide €75 million to improve energy efficiency and reduce the energy consumption of public buildings in Moldova.

Short description of activities financed by the donation

The EBRD and EIB are supporting Moldova’s energy efficiency of public buildings by lending €30 million each, with the European Union complementing the investment with €15.2 million in grants from its Neighbourhood Investment Platform (NIP) and Eastern Partnership Technical Assistance Trust Fund (EPTATF). EU grants will finance the technical assistance in support of project implementation with €2.8 million and increase the number of energy efficient renovations of public buildings with €12.4 million. The EIB will manage the EU grant. The project is expected to attract private sector expertise and include energy performance provisions and technical specifications in construction contracts. It will be a major opportunity to create local jobs and boost the construction sector in Moldova.