23/032016 (Agence Europe) - EIB loan of €19.5 million for energy efficiency of residential buildings in Romania. On Tuesday 23 March, the European Investment Bank (EIB) approved a €19.5 million loan - the second tranche of an approved EIB loan of €42 million - to finance the second phase of the refurbishment programme for multi-family housing in the Sector 4 municipality in Bucharest. The project is expected to result in around 50% savings in the heating energy consumption of the buildings concerned. In the current phase of the programme which targets energy savings totalling some 74 GWh per year once fully implemented, 140 buildings comprising 9,500 apartments are being refurbished. (EH)