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EBRD: GrCF2 W2 Medias Infrastructure Loan

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Project Description

 

A senior loan of up to EUR 7.7 million in local currency (RON 38 million) to the City of Medias to co-finance critical investments in the City's infrastructure alongside EU grants under the relevant EU Regional Operational Programme for 2014-2020, EBRD informs.. The loan proceeds will fund the implementation of energy efficiency measures in four public buildings and in urban roads (including bridges), as well as help modernise, rehabilitate and extend the City's electric public transport infrastructure.

 

Project Objectives

 

The Project is designed to promote energy savings and to reduce  of CO2 emissions in public buildings and to improve urban mobility. This will be achieved through energy-efficient rehabilitation of a pool of public buildings (schools, multi-functional and educational centre and social i medical centre) that includes insulation, LED lighting to replace incandescent bulbs, improved utility connection (water, sewerage, electricity, gas), indoor rehabilitation of electrical, plumbing, heating and ventilation installations and other works. In addition, the Project will improve the City's trolleybus network by acquiring three trolleybuses, improving facilities at bus stops, improving the e-ticketing system and rehabilitating the City's electric transport infrastructure. The City's priority investment programme also includes rehabilitation of several local city streets (including provision of LED lighting and safe pedestrian sidewalks and modernisation of underlying utility networks for sewerage).

 

Transition Impact

 

ETI score: 58

ETI 70

 

The Green Cities Framework II (GrCF2) represents a strategic and multi-project approach seeking to help identify and address environmental challenges in selected large cities in our countries of operation. The primary goal is to achieve significant environmental improvements and to promote the Green transition quality within the relevant cities. In addition to the environmental objective, the GrCF2 also promotes sustainable cities through inclusive, resilient, well-governed and smart urban development.

 

Depending on which area can generate the strongest and most relevant transition impact, either Well-governedInclusiveResilient or Competitive will be pursued and presented as the secondary transition quality for each sub-project under the framework. These transition objectives are supported by the development and implementation of a city-specific Green City Action Plan (GCAP) aiming to identify environmental challenges, facilitate better coordination and buy-in among stakeholders and help to prioritise and develop the best ways to address the environmental challenges through targeted investments, services and policy instruments.

 

The Project will primarily help to promote the Green transition quality by bringing significant energy and CO2 savings to the City's buildings and urban transport fleet. It is expected that the Project will achieve a total CO2 eq. emissions reduction of 4,760 tonnes/year (saving 22% of the current use), and energy savings of 2,050 GJ/year (29% saving). In addition, the Project will benefit the City's entire population of over 56,400 inhabitants, as the City's transport network extends across the city and is widely used by its residents

 

The Project will also support the Resilient objective through the introduction of long term asset management practices and crisis resilience planning in the municipal system, so as to ensure continuity of public services and sustainability of public infrastructure.

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