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The EIB will provide Moldova with a loan of 150 million euros for the development of road infrastructure within the framework of the Roads of Moldova IV project.

The EIB will provide Moldova with a loan of 150 million euros for the development of road infrastructure within the framework of the Roads of Moldova IV project.

This is provided for by the Financing Agreement between Moldova and the European Investment Bank for the implementation of the Roads of Moldova IV Project, which was ratified by the Moldovan Parliament on Friday. It is planned that this money will be used in Moldova to restore, modernize and expand more than 150 km of priority roads throughout the country within 3 road sections, and modern road infrastructure will bring additional benefits to people and the economy. According to the Ministry of Infrastructure and Regional Development, if in the new prevailing realities, due to rising prices for goods and services, it is not possible to complete the planned scope of work at the selected facilities, then the parties will agree and sign agreements on new loans for these purposes. In addition, funds provided by the European Investment Bank will be used to develop a feasibility study and design documentation for nine other road sections. As InfoMarket agency previously reported, it is expected that the following sections of roads will 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 of Criva-Balti, 133 km long (restoration) - the approximate cost of the work - 129 million euros; M2 road - ring road around Chisinau in sections 2 and 3, 17.35 km long (expansion to 4 lanes) - approximate cost of work - 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) - approximate cost of 9 million euros. Feasibility studies and project documentation have already been developed for the mentioned sections, so the procurement procedures for works will be started immediately after the approval of their financing. At the same time, for the development and continuation of programs financed from external sources, the project provides for the development of feasibility studies and project documentation for the following sections: M5 road, section Balti - Radeni (km 133 + 000 - km 189 + 000); construction of the missing section between the national road R1 and M5 (completion of the national road network included in the Trans-European Transport Network); road M5, section Radeni - Chisinau (km 189 + 000 - km 258 + 000); M5 road, Budesti section - border with Ukraine (85 km); road M2, section Chisinau - Budesti (section 4 of the Chisinau ring road); the M2 bypass road in Chisinau sections 5 and 6 (the missing sections are about 50 km long); construction of the highway Ungheni - Chisinau - Odessa; 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 to co-finance the project. In addition, the European Union will allocate a grant of 10 million euros for these purposes. The EIB loan will be concessional, allocated on concessional terms, with a fixed interest rate of up to 1% or floating, depending on the Eurolibor rate.// 15.07.2022 — InfoMarket

News on the subject

The Parliament of Moldova has ratified an agreement with the EBRD on a loan of 300 million euros for the purchase of natural gas.
The Parliament of Moldova has ratified an agreement with the EBRD on a loan of 300 million euros for the purchase of natural gas.
The WB will allocate $159.24 million to Moldova to respond to emergencies, strengthen resilience and increase competitiveness.
The WB will allocate $159.24 million to Moldova to respond to emergencies, strengthen resilience and increase competitiveness.
Romania will provide Moldova with a grant of RON 50 million (EUR 10 million) for direct budget support.
Romania will provide Moldova with a grant of RON 50 million (EUR 10 million) for direct budget support.
The total volume of direct investments in Moldova at the end of Q1 2022 amounted to $4 billion 872.86 million and increased by 1.5% compared to the situation at the end of 2021.
The total volume of direct investments in Moldova at the end of Q1 2022 amounted to $4 billion 872.86 million and increased by 1.5% compared to the situation at the end of 2021.
The World Bank's financial institutions will provide a 47.5 million euros loan to support development of small and medium-sized enterprises in Moldova.
The World Bank's financial institutions will provide a 47.5 million euros loan to support development of small and medium-sized enterprises in Moldova.
The World Bank Group will provide $159.24 million to Moldova to respond to emergencies, strengthen resilience and enhance competitiveness.
The World Bank Group will provide $159.24 million to Moldova to respond to emergencies, strengthen resilience and enhance competitiveness.