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Dec 21, 2009 14:33 EEST
CHISINAU (Moldova), December 21 (SeeNews) – The European Bank for Reconstruction and Development (EBRD) said on Monday it has lent 2.3 million euro ($3.3 million) to Moldovan real estate developer Iucan Comert to support the construction of an office building in the country's capital Chisinau.
"In the wake of the financial crisis, several property development projects in Chisinau were suspended. Through this investment, the EBRD will support the real-estate sector in Moldova and promote the benefits of energy efficiency," EBRD said in a statement.
The seven-floor centre will have a total area of 6,350 square metres. With the EBRD’s assistance, the company will implement energy saving technologies in the construction of the new building, which will ensure lower operating costs and reduced bills to future tenants, the bank said.
"The new office centre will be equipped with a digital control system, called Building Management System (BMS). It will provide full automation in monitoring building’s mechanical and electrical equipment."
EBRD has committed over 340 million euro in various sectors of Moldova's economy so far.
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