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The EBRD to provide Moldova with a €23 million loan for the rehabilitation of the railroad corridor from the village of Valcinet to the town of Cainari.

The EBRD to provide Moldova with a €23 million loan for the rehabilitation of the railroad corridor from the village of Valcinet to the town of Cainari.

At a meeting on October 4, the government approved a draft law on ratification of the relevant loan agreement, which was signed in Chisinau on June 27. The agreement establishes the conditions of granting, utilization and repayment of the loan for the purchase of materials to carry out repair works of the railway corridor from north to south Moldova: Valcinet - Ocnita - Balti - Ungheni - Chisinau - Cainari. The EBRD loan will be provided in two tranches of €12 million and €11 million, and will be supported by a €20 million grant from the European Commission. The funds will be used to on-lend to the State Enterprise Railways of Moldova (CFM), which will repay the loan. The implementation of the project will increase the safety of the railway traffic, increase the speed of passenger and freight trains and contribute to the reduction of train travel time. // 04.10.2023 - InfoMarket.

News on the subject

Moldova to access EU grants worth about 360 million euros under the Interreg interregional cooperation programs.
Moldova to access EU grants worth about 360 million euros under the Interreg interregional cooperation programs.
The European Union will increase financial assistance to Moldova and Ukraine, while envisaging additional funds for this purpose in the EU 2024 budget.
The European Union will increase financial assistance to Moldova and Ukraine, while envisaging additional funds for this purpose in the EU 2024 budget.
Moldova has announced a new competition for EU grants for SMEs in the food industry with a total budget of 3 million euros.
Moldova has announced a new competition for EU grants for SMEs in the food industry with a total budget of 3 million euros.
The government will allocate 10 million lei to support women's entrepreneurship.
The government will allocate 10 million lei to support women's entrepreneurship.
The German government will provide Moldova with a grant of 10.7 million euros to support the development of small and medium-sized businesses.
The German government will provide Moldova with a grant of 10.7 million euros to support the development of small and medium-sized businesses.
The new head of the USAID mission in Moldova, Jeff Bryan, reaffirmed his support for Moldova's democratic course.
The new head of the USAID mission in Moldova, Jeff Bryan, reaffirmed his support for Moldova's democratic course.