The EIB will allocate 150 million euros to Moldova to repair a number of national roads within the framework of the Roads of Moldova IV project worth 300 million euros.
This is provided for by a corresponding draft financing contract between Moldova and the European Investment Bank for the implementation of the Moldova drumuri IV project, the signing of which was approved by the government at a meeting on Tuesday. Finance Minister Dumitru Budianschi received the authority to sign the contract. According to Deputy Prime Minister, Minister of Infrastructure and Regional Development Andrei Spinu, the Roads of Moldova IV project is a logical continuation of previously implemented projects for the rehabilitation and construction of about 500 km of national roads, and envisages the modernization of mainly those sections of the road network that are part of the Trans-European Transport network (TEN-T). The following road sections are expected to be restored within the framework of the Roads of Moldova IV project: M5 - border with Ukraine-Criva-Balti-Chisinau-Tiraspol-border with Ukraine, on the section Criva-Balti, 133 km long (restoration) - approximate cost works - 129 million euros; M2 road - ring road around Chisinau on sections 2 and 3, with a length of 17.35 km (extension to 4 lanes) - approximate cost of works - 52 million euros; road M3 Chisinau-Comrat-Giurgiulesti-border with Romania, section of the bypass road in Cimislia km 0 + 000 - km 7 + 200 (new construction) - an approximate cost of 9 million euros. Feasibility studies and project documentation have already been developed for the sites mentioned, therefore, procurement procedures will begin immediately after their funding is approved. At the same time, in order to develop and continue programs financed from external sources, the project provides for the development of feasibility studies and project documentation for the following sections: M5 road, Balti - Radeni section (km 133 + 000 - km 189 + 000); construction of the missing section between the national road R1 and M5 (complementing the national road network included in the Trans-European Transport Network); M5 road, section Radeni - Chisinau (km 189 + 000 - km 258 + 000); M5 road, section Budesti - border with Ukraine (85 km); M2 road, section Chisinau - Budesti (section 4 of the Chisinau ring road); M2 bypass road in Chisinau, sections 5 and 6 (missing sections with a length of about 50 km); construction of the Ungheni - Chisinau - Odessa highway; M1 road, section Leuseni - Chisinau (km 0 + 000 - km 85 + 000); M1 road, section Chisinau - Dubasari (105 + 000 km - 154 + 000 km). The EIB will allocate 150 million euros for the implementation of the Roads of Moldova IV project. It is planned that the European Bank for Reconstruction and Development will provide the same amount for co-financing the project. The contract also provides for a grant component of 10 million euros, which will be allocated by the European Union. // 14.12.2021 — InfoMarket
