The Ministry of Regional Development of the Russian Federation has been tasked by the Russian government to prepare a new concept for financing capital repairs and energy efficiency improvements in multi-family residential buildings. The European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC) are providing ongoing support to the Ministry in developing this concept.
The present report has been prepared in accordance with requirements set forth in the Terms of References for Consultancy Contract No: C22341/GEF2-2011-07-04 of July 18, 2011 concluded by the European Bank for Reconstruction and Development (EBRD) and the Institute for Urban Economics under the Russian Urban Housing Energy Efficiency Programme – Model and Regulatory Framework Development.
Project is implemented by the Institute for Urban Economics (IUE) of the Russian Federation in association with Center for Energy Efficiency (CENEf), Russian Federation, Housing Initiative for Eastern Europe (IWO e.V.), Germany, and the Institute of Housing (Institute Byvania), Slovakia.
This report includes recommendations prepared by the Consultant pertaining to changes and amendments to the existing legislation required for implementing the proposed “combined” financing mechanism.