
The EBRD will provide an additional loan of 100 million euros to Moldova for the modernization of roads.
In particular, this money will be allocated on the basis of an amendment to the loan agreement between Moldova and the European Bank for Reconstruction and Development on construction and renovation in the Republic of Moldova, which was signed on November 11 by Finance Minister Dumitru Budianschi and EBRD Executive Director for Eastern Europe and the Caucasus Matteo Patrone, and now the government approved its ratification. More than 85 km of roads are planned to be restored with funds from the additional EBRD loan under the Moldova Road Repair IV project on the following sections: highway R14, R6 - Codru Nou - Soroca - Unguri - border with Ukraine, on the section Soroca - Arionesti, only 31 km.; highway R8.1, R8 - Arionesti - R14, section Arionesti - Otaci, total 9.4 km; highway M3 Chisinau - Comrat - Giurgiulesti - border with Romania, bypass section in Vulcanesti, total 8.58 km; highway R33 Hincesti - Lapusna - M1, only 37.2 km. The amendment agreement will contribute to the full implementation of the Moldova Road Repair IV Project, which will bring economic benefits in the form of improving the condition and quality of the national road network by reducing transport costs for road users in Moldova, which will indirectly contribute to economic growth. At the same time, it will have a positive impact on the mobility of the population by facilitating road transport and improving road safety. A loan agreement with the EBRD for the construction and rehabilitation of roads in Moldova was signed on June 28, 2013 and ratified the same year. Initially, it provided for a loan of 150 million euros.// 30.11.2022 — InfoMarket