Energy efficiency in public buildings II (IKLU)

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As part of the FC module Energy Efficiency in Public Buildings (Phase II), existing public sector buildings in the municipalities are to be energetically rehabilitated. There is a massive need for investment, as more than half of the buildings are over 50 years old, energy efficiency aspects were not taken into account during construction and maintenance measures have been neglected in recent decades. The FC module is to build on the Serbian government's ongoing building renovation program. The municipalities carry out planning, awarding and monitoring of the construction work (project sponsor), while the Ministry for Public Investment (MPI), formerly the Public Investment Management Office (PIMO), coordinates and ensures the quality of the implementation of the FC module (project coordinating body). The aim of the FC measure is to contribute to improving energy efficiency in selected existing public buildings, to strengthen the municipalities in the implementation of decentralized infrastructure projects and to promote local value chains. The FC measure will be financed by a FC development loan (low-interest loan) to the Republic of Serbia, represented by the Ministry of Finance (MoF), of up to EUR 20 million. The federal guarantee framework for low-interest loans will be used to secure the loan. In addition, a budget grant of EUR 1.5 million is available to finance a necessary accompanying measure.