This report looks at a technical cooperation (TC) operation attached to a multi-sector project operation for the city of Bucharest. The TC was carried out by the European Bank for Reconstruction and Development (EBRD).
The TC was made up of two main components:
- public transport, and
- district heating. However, this report focuses on the heating component since that was the larger of the two projects.
The TC involved supporting the preparation and implementation of a development strategy for the existing heating provider in the city. TC components included carrying out an assessment of the credit worthiness of the city of Bucharest, prepare an investment plan and conduct baseline studies, initiate a credit enhancement program, and establish a project implementation unit to monitor and evaluate the use of the Bank's funds. Overall the project was rated party successful.