
The EBRD will allocate a loan of 150 million euros for the 5th road rehabilitation project in Moldova.
This is stipulated by the relevant loan agreement between Moldova and the European Bank for Reconstruction and Development (EBRD), which was ratified by the Moldovan parliament. The document itself was signed on January 22, 2024 in London. The agreement provides for a loan of 150 million euros from the EBRD, which represents 50% co-financing of the 5th road rehabilitation project in Moldova. The other part of the amount is provided by the European Investment Bank. The EBRD loan will allow rehabilitating and modernizing the M2 Chisinau ring road, sector 2, by widening it to 4 lanes (about 7 km). About 85 km of the M1 road (border with Romania-Leuseni-Chisinau-Dubasari-Ukraine border) will also be rehabilitated. These two roads are part of the Trans-European Transport Network (TEN-T), which makes Moldova a gateway between the EU in the west and countries in the east. The EBRD investment will support the Moldovan government's efforts to ensure that key roads meet standards that will enable economic growth, regional integration and trade. The improvement of two transport lines will improve transit links between Moldova and neighboring Ukraine and Romania, in line with the EU's Solidarity Lanes initiative. According to the EBRD, the mentioned investments are part of a large-scale road rehabilitation program financed by the EBRD, under which more than 340 million euros have been provided to Moldova. The EBRD is the largest institutional investor in Moldova. Last year alone, the EBRD directed 350 million euros to Moldova, supporting energy security, improved infrastructure and connectivity, and access to finance for the private sector, with a particular focus on SMEs. Since the start of the war in Ukraine, the EBRD has provided almost 1 billion euros to Moldova to help mitigate the economic impact of the war on the country's economy. Overall, to date, the EBRD has invested more than 2.2 billion euros in 170 projects in the country, with 40 percent of its portfolio in sustainable infrastructure. // 16.03.2024 - InfoMarket.