
The funds for road repairs provided by the European Investment Bank will be available until the end of November 2021.
The government has approved the ratification of the third amendment to the agreement with the European Investment Bank on the implementation of a road rehabilitation project worth 75 million euros. The Agreement between Moldova and the EIB was signed on November 23, 2010, and was subsequently changed by two amendments, which were ratified by the Parliament in March 2018. Amendment No. 3 was prepared by the EIB to change the provisions of the Financing Agreement that relate to the extension of the final date of availability of the funds provided and, respectively, the margin set for the repayment of the loan in installments, as well as other financial aspects related to the extension of the loan. The amendment will simplify the availability of funds for the period of repair work and the provision of consulting services, as well as extend the period for notification of defects in road rehabilitation. Moldova has received 54.7 million euros (72.9% of the funds provided for in the financing agreement) so far. // 19.11.2020 - InfoMarket.