| Project Detail |
The provision of a senior loan of up to €5 million to the City of Belgrade for the implementation of energy efficiency and associated structural measures in 4 public buildings: Emergency Medical Institute, City Library, Student Healthcare Centre and Student Hospital. Most of the buildings were constructed in the 1920s and have not undergone any major refurbishment since then. The project is expected to bring significant energy efficiency improvements and will lead to the reduction of CO2 emissions. The Project will be co-financed by investment and technical assistance grants of up to €11 million provided by the European Union from the Instrument for Pre-Accession Assistance with the Republic of Serbia.
Project Objectives
The Project aims to support the substantial energy efficiency renovation of four public buildings located in Belgrade, Serbia. The works include the addition of thermal insulation, the repair of building envelopes, the upgrade of heating, ventilation and cooling systems, and the replacement of lighting systems. Energy efficiency improvements will result in energy cost savings, the reduction of carbon dioxide emissions and improved energy efficiency.
The Project forms part of the Banks engagement with Belgrade under the EBRD Green Cities, as such it is considered as a follow-on investment under Green Cities Framework 2 Window II (the "GrCF2 W2") from Belgrades Green City Action Plan (the "GCAP"), which was approved in June 2021. |
