Development Ministry Wants To Use EU Funds For Thermal Rehabilitation Projects

05.26.2011 By Ioana Tudor

The Romanian Tourism and Regional Development Ministry will hold talks with the European Commission proposing that projects regarding the thermal rehabilitation of buildings be financed with European funds through the Regional Operational Program managed by the ministry.

Development Minister Elena Udrea on Thursday said the local public authorities called on the ministry to identify new financing sources and mechanisms to speed up thermal rehabilitation investments.

Thermal rehabilitation costs are 50% covered by the state, 30% by local authorities and 20% by homeowners, who may take out loans guaranteed by the state with subsidized interest.