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The EBRD will provide Moldova with an additional loan of about 24 million euros for the reconstruction of the country's railway infrastructure, in particular, the section of the Bendery-Causeni-Basarabeasca-Etulia-Giurgiulesti railway.

The EBRD will provide Moldova with an additional loan of about 24 million euros for the reconstruction of the country's railway infrastructure, in particular, the section of the Bendery-Causeni-Basarabeasca-Etulia-Giurgiulesti railway.

Deputy Prime Minister, Minister of Infrastructure and Regional Development, Andrei Spinu, announced this, noting that the plan for the restoration of this section of the railway is acquiring more and more real outlines and contours, since the President of Moldova, Maia Sandu, signed a decree on the start of negotiations and approval of the signing of Amendment N2 to the Agreement on a loan between Moldova and the EBRD for the implementation of the Project for the purchase of locomotives and restructuring of the railway infrastructure. “And very soon, in October, we are expecting EBRD Managing Director for Eastern Europe and the Caucasus, Matteo Patrone, to visit Moldova in order to sign this document worth about 24 million euros, which will be allocated in addition to the 27.5 million euros intended for the reconstruction of the railway infrastructure of our country,” stressed Andrei Spinu. As InfoMarket reported earlier, the infrastructure on the 233 km long section of the Bendery-Causeni-Basarabeasca-Etulia-Giurgiulesti railway is planned to be restored using loans provided by the European Bank for Reconstruction and Development and the European Investment Bank. It was said that the total cost of the project is estimated at 55 million euros. The project includes the renovation and modernization of railway lines, command and signal management, telecommunications, level crossings and power supply equipment. It is planned that the implementation of the mentioned project will increase the speed of trains up to 100 km / h and, accordingly, increase the freight traffic. Earlier it was reported that 7 companies from Romania, Ukraine, Russia and Kazakhstan showed interest in participating in the modernization of the Bendery-Causeni-Basarabeasca-Etulia-Giurgiulesti railway section. // 28.09.2021 - InfoMarket

News on the subject

The World Bank will provide Moldova with additional financing in the amount of 24.8 million euros for the project "Emergency response to COVID-19".
The World Bank will provide Moldova with additional financing in the amount of 24.8 million euros for the project "Emergency response to COVID-19".
Since the beginning of 2021, Moldovan gardeners have received loans from the EIB under the Livada Moldovei program in the amount of more than 12.6 million euros.
Since the beginning of 2021, Moldovan gardeners have received loans from the EIB under the Livada Moldovei program in the amount of more than 12.6 million euros.
Eberspächer, the largest supplier of equipment for the automotive industry in Germany, is interested in cooperation with Moldovan companies.
Eberspächer, the largest supplier of equipment for the automotive industry in Germany, is interested in cooperation with Moldovan companies.
Citizens of Moldova who have returned from work abroad will receive up to 250 thousand lei to start their own business at home.
Citizens of Moldova who have returned from work abroad will receive up to 250 thousand lei to start their own business at home.
EU direct investments dominate the Moldovan economy, accounting for 71% of the total investment and exceeding $3 billion as of the end of 2020.
EU direct investments dominate the Moldovan economy, accounting for 71% of the total investment and exceeding $3 billion as of the end of 2020.
The Swedish group of companies Holmbergs is considering the possibility of implementing an investment project in one of the subzones of the Balti FEZ.
The Swedish group of companies Holmbergs is considering the possibility of implementing an investment project in one of the subzones of the Balti FEZ.