Brasov Energy Efficiency, ROmania

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Overview

The provision of a senior loan of up to EUR 30 million to the Romanian City of Brasov (the "Client" or the "City") to finance priority investments for the rehabilitation of public buildings (the "Project"). The Project is proposed to be a trigger investment under the EBRD Green Cities Framework 3 ("GrCF3") and will support the City in developing its Green City Action Plan ("GCAP").

Project ID 56281

Status Exploratory

Location

Romania

Business Sector

Municipal Infrastructure

Notice Type

State

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Company Contact Information

Mihaela Gal
Mihaela.GAL@brasovcity.ro
+40 (745) 181 432
contact@brasovcity.ro
Bv. Eroilor nr.8, Brasov, ROMANIA

Project ID 56281

Status Exploratory

Location

Romania

Business Sector

Municipal Infrastructure

Notice Type

State

Environmental Category

Approval Date

22 Oct 2025

Disclosure date

04 Jun 2025

Project Description

Project Objectives

- Implementation of energy efficiency measures in public buildings aiming to improve the environmental and living conditions in the Brasov region.

- Development and implementation of the GCAP for the Client, a strategic multi-project approach that will identify, prioritise and address environmental challenges at the city level.

Transition Impact

ETI Score 75

The Project's transition impact will be derived primarily from the Green transition quality by achieving significant energy savings and lower CO2 emissions in City's public buildings. The Project will comply with the GrCF3 eligibility criteria and is expected to result in improving energy efficiency by at least 30%. It is expected that the Project will help achieve a total CO2 equivalent emissions reduction of more than 1,000 tonnes/year, and energy savings of approximately 6,000 MWh/year.

The Project will also support the Well-Governed transition objective by: i) improving the contractual relationship between the City and the RAT public transportation operator ("RAT"); and ii) assisting the City in enhancing its level of digitalization and cybersecurity standards through specific technical assistance. In addition, procurement will be carried out according to EBRD procurement standards, thus facilitating obtaining international certifications.

Client Information

CITY OF BRASOV

Brasov is a one of the largest cities of Romania, with a population of approximately 400,000 inhabitants. It is one of the wealthiest cities in Romania, with a diversified industrial base and a popular tourist destination due to its historic old town and proximity to the major ski resorts of Romania.

EBRD Finance Summary

EUR 30,000,000.00

Total Project Cost

EUR 50,000,000.00

Additionality

The Bank is additional because of its:

(i) Terms: The Bank will provide necessary long-term financing for energy efficiency measures in public infrastructure which at present is not readily available from commercial banks.

(ii) EBRD attributes: EBRD's extensive sector knowledge, innovation, capacity building support and ability, including through the GCAP process, to pursue the green agenda and gender and inclusion considerations.

Technical Cooperation and Grant Financing

Pre-signing TC: Energy audit and ESDDD.

Post-signing TC: Preparation of the GCAP.

Company Contact Information

Mihaela Gal
Mihaela.GAL@brasovcity.ro
+40 (745) 181 432
contact@brasovcity.ro
Bv. Eroilor nr.8, Brasov, ROMANIA

Implementation Summary

PSD Last Updated

04 Jun 2025

Understanding transition

Further information regarding the EBRD’s approach to measuring transition impact is available here.

Business opportunities

For business opportunities or procurement, contact the client company.

For business opportunities with the EBRD (not related to procurement) contact:

Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

For state-sector projects, visit EBRD Procurement:

Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

Specific enquiries can be made using the EBRD Enquiries form.

Environmental and Social Policy (ESP)

The ESP and its associated Environmental and Social Requirements (ESRs) set out the ways in which the EBRD implements its commitment to promoting “environmentally sound and sustainable development”. The ESP and the ESRs include specific provisions for clients to comply with the applicable requirements of national laws on public information and consultation, and to establish a grievance mechanism to receive and facilitate resolution of stakeholders’ concerns and grievances, in particular, about the environmental and social (E&S) performance of the client and the project. Proportionate to the nature and scale of a project’s environmental and social risks and impacts, the EBRD also requires its clients to disclose information, as appropriate, about the risks and impacts of projects or to undertake meaningful consultation with stakeholders and consider and respond to their feedback.

More information on the EBRD’s practices in this regard is set out in the ESP.

Integrity and compliance

The EBRD's Office of the Chief Compliance Officer (OCCO) promotes good governance and ensures that the highest standards of integrity are applied to all of the Bank's activities in accordance with international best practice. Integrity due diligence is conducted on all Bank clients to ensure that projects do not present unacceptable integrity or reputational risks to the Bank. The EBRD believes that identifying and resolving issues in the project assessment and approval stages is the most effective means of ensuring the integrity of Bank transactions. OCCO plays a key role in these protective efforts andhelps to monitor integrity risks in projects post-investment.

OCCO is further responsible for investigating allegations of fraud, corruption and misconduct in EBRD-financed projects. Anyone, either within or outside the Bank, who suspects fraud or corruption should submit a written report to the Chief Compliance Officer by email to compliance@ebrd.com. OCCO will follow-up all matters reported. It will review all matters reported. Reports can be made in any language of the Bank or of the Bank's countries of operation. The information provided must be made in good faith.

Access to Information Policy (AIP)

The AIP, which entered into force on 1 January 2025, sets out how the EBRD discloses information and consults with its stakeholders to promote better awareness and understanding of its strategies, policies and operations. Please visit the Access to Information Policy page to find out what information is available from the EBRD website.

Specific requests for information can be made using the EBRD enquiries form.

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (for example, through the client’s project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the mechanism is: to support dialogue between project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or the project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out more about IPAM and its mandate and how to submit a Request for review. Alternatively, contact IPAM by email at ipam@ebrd.com for guidance and more information on IPAM and how to submit a request.

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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Brasov Energy Efficiency, ROmania

Overview

Project timeline

Company Contact Information

Project Description

Project Objectives

Transition Impact

Client Information

EBRD Finance Summary

Total Project Cost

Additionality

Technical Cooperation and Grant Financing

Company Contact Information

Implementation Summary

PSD Last Updated

Understanding transition

Business opportunities

General enquiries

Environmental and Social Policy (ESP)

Integrity and compliance

Access to Information Policy (AIP)

Independent Project Accountability Mechanism (IPAM)

Brasov Energy Efficiency, ROmania

Overview

Company Contact Information

Project Description

Project Objectives

Transition Impact

Client Information

EBRD Finance Summary

Total Project Cost

Additionality

Environmental and Social Summary

Technical Cooperation and Grant Financing

Company Contact Information

Implementation Summary

PSD Last Updated

Understanding transition

Business opportunities

General enquiries

Environmental and Social Policy (ESP)

Integrity and compliance

Access to Information Policy (AIP)

Independent Project Accountability Mechanism (IPAM)