Moldova Sustainable Construction

Sector outlook

The property market is at early stages of development in Moldova, and the shortage of quality commercial real estate assets in all sub-segments remains amongst most acute in the region. Furthermore, the market penetration with innovative and sustainable construction technologies remains very low. The residential sector currently absorbs over 40% of the total energy consumption, and energy efficiency and renewable energy projects are scarce. Most local investors are inexperienced developers and many projects have been interrupted due to incomplete financing. With the recovery of the constructions industry after the crisis, the growth potential of the sustainable construction sector and the need for foreign involvement are therefore significant.

Strategic direction/ specific schemes and incentives

The main objectives in this sector are defined in the Government Programme “European Integration: Freedom, Democracy, Welfare” 2011-2014:

  • Development of the constructions sector;
  • Encouragement of the use of modern technologies in the production of construction materials and at construction sites.

Legislation on energy efficiency in building is to be adopted by the end of 2012 with the support of EBRD under the Moldovan Sustainable Energy Financing Facility (MoSEFF) initiative.

Business opportunities

Main promising subsectors:

  • Green building technologies: sustainable design, thermal insulation, window replacement, ventilation, efficient lighting, etc.;
  • Environmentally friendly building materials: rapid expansion of the construction materials subsector, high demand in Europe and future demand potential in the CIS;
  • Assessment of conformity of construction products and projects: expertise to create and equip testing laboratories and to train local workforce.

Some success stories

Lafarge (France) is the world leader in building materials. It took part in the privatisation programme by purchasing a controlling share in "CIMENT S.A." in 1999, which became "Lafarge Ciment Moldova" S.A. Lafarge carries out a sustainable development policy which includes the implementation of environmentally friendy production modes and research activities for the manufacture of greener products.

Artima SA (Moldova) is an export-oriented producer of leather bags and accessories. Founded in 1945 and restructured in 1995, the company decided to invest in energy efficiency measures, financed by a MoSEFF loan of EUR 177,160. As the building is connected to the district heating system, the improvement measures focused on the thermal insulation of walls and the replacement of windows. With these simple measures, the company achieved 83% energy savings and CO2 emissions reduction of 163 tons per year. The payback period is 7 years.

This publication has been produced with the financial assistance of the European Union. The contents of this publication are the sole responsibility of EUROCHAMBRES and can in no way be taken to reflect the views of the European Union.

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