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The EBRD and E5P will provide a grant of €5.4 million for the implementation of the Moldova Solid Waste project.

The EBRD and E5P will provide a grant of €5.4 million for the implementation of the Moldova Solid Waste project.

This is provided for by the signed grant agreement between Moldova and the European Bank for Reconstruction and Development for the financing of investment projects aimed at developing infrastructure in the solid waste management sector, amounting to 5.4 million euros, in order to implement the "Moldova Solid Waste" project. The document was signed in Chisinau by Environment Minister Jordanca-Rodica Iordanov and the head of the EBRD office in Moldova, Catarina Bjorlin Hansen. The event was attended by representatives of the EBRD, the EU and the embassies of Sweden, Germany, Poland and Lithuania. It is planned that the grant from the Eastern Europe Energy Efficiency and Environment Partnership (E5P) Fund will co-finance the construction of a regional landfill in accordance with EU standards, waste sorting and composting infrastructure in Donduseni, construction of transshipment stations in Briceni and Edinet, as well as the purchase of equipment related to the integrated waste management system. The E5P Assembly of Contributors approved in August 2023 an E5P investment grant of €5.4 million to improve solid waste management in the northern part of Moldova, which includes the districts of Briceni, Edineti, Ocnita and Donduseni, falling within Region N8 of the National Waste Management Program. This financing complements a €25 million sovereign loan from the EBRD to the Government of Moldova, which is part of a wider financing package complemented by a loan from the European Investment Bank and investment grants from other bilateral contributors. The E5P is a €242 million multi-donor fund initiated by Sweden and operating throughout the Eastern Partnership region. The E5P fund in Moldova amounts to €50 million and includes a €1 million contribution from Moldova. The European Union is its largest donor with 28.95 million euros. Other donors include the Czech Republic, Denmark, Estonia, Finland, Germany, Lithuania, Norway, Poland, Romania, Slovakia and Sweden. The EBRD is the most important institutional investor in Moldova. To date, it has invested more than €2 billion in the country through 160 projects, with 52% of its portfolio in sustainable infrastructure. // 23.02.2024 - InfoMarket.

News on the subject

The European Union will allocate another 8 million euros for humanitarian projects in Moldova for people affected by the war in Ukraine, assistance will increase to 66 million euros.
The European Union will allocate another 8 million euros for humanitarian projects in Moldova for people affected by the war in Ukraine, assistance will increase to 66 million euros.
Germany will allocate 24.7 million euros to finance investment projects in Moldova.
Germany will allocate 24.7 million euros to finance investment projects in Moldova.
Moldova will sign an agreement with the European Commission on the implementation of the UE4Moldova: Integration and Stability program, under which Moldova will benefit from an assistance of 31 million euros.
Moldova will sign an agreement with the European Commission on the implementation of the UE4Moldova: Integration and Stability program, under which Moldova will benefit from an assistance of 31 million euros.
Moldova will receive a grant of 300 million yen (1.9 million euros) from Japan to provide farmers with fertilizers.
Moldova will receive a grant of 300 million yen (1.9 million euros) from Japan to provide farmers with fertilizers.
Moldova will receive grants worth 24.7 million euros from Germany for the development projects of small and medium-sized enterprises (SMEs) and urban infrastructure.
Moldova will receive grants worth 24.7 million euros from Germany for the development projects of small and medium-sized enterprises (SMEs) and urban infrastructure.
Moldova: 541 projects worth 759 million lei were successfully implemented under the national programs "European Village" and "European Village Express" in 2023.
Moldova: 541 projects worth 759 million lei were successfully implemented under the national programs "European Village" and "European Village Express" in 2023.