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Moldova will receive a loan of 20 million euros from the Council of Europe Development Bank for the construction of social housing.

Moldova will receive a loan of 20 million euros from the Council of Europe Development Bank for the construction of social housing.

In particular, this is provided for by the government-approved draft ratification of the corresponding loan agreement between Moldova and the Council of Europe Development Bank (CEDB) for the implementation of the “Public Housing III” project. The document was signed in Chisinau on March 19 of this year and provides for the allocation of a loan of 20 million euros to Moldova for the construction and restoration of social housing for rent to socially vulnerable segments of the population and people with low incomes, as well as the rehabilitation of public buildings (nursing homes and student dormitories) in order to improve living conditions and increase energy efficiency of buildings. The implementation of the project will help increase the volume of public housing available for rent, intended for socially/economically vulnerable segments of the population who do not have satisfactory living conditions, as well as for public sector workers providing social and administrative services. In the field of education, the project will modernize the residential premises of educational institutions so that they meet the needs of children, including those with disabilities, and provide a safe and inclusive educational environment for all. In the field of social services, the project will help to rehabilitate/expand the living quarters of residential institutions for elderly people who have lost their independence, as well as people with disabilities. Project funding is expected to enable the construction of 450 social housing units for 1,600 beneficiaries, as well as the reconstruction of student residences and nursing homes (another 1,460 beneficiaries). The Council of Europe Development Bank (CEDB) loan will be accompanied by a grant from the Green and Social Investment Fund of EUR 1 million. Another 6 million euros will be provided by E5P. The CEDB will provide the loan and grant in installments. The first part will be transferred within 12 months from the date of entry into force of the agreement, and subsequent parts will be provided based on progress reports. The Moldovan authorities will contribute 7.3 million euros to the project: 1.1 million euros will be a financial contribution and 6.2 million euros will be a non-financial contribution - this amount includes the cost of sites or objects of unfinished construction and their technical expertise, as well as the development of technical documentation. // 17.04.2024 — InfoMarket.

News on the subject

Moldova will receive a loan of 40 million euros from the French Development Agency to strengthen the forestry sector and a grant of 1.2 million euros to implement the Forestry Reform Program.
Moldova will receive a loan of 40 million euros from the French Development Agency to strengthen the forestry sector and a grant of 1.2 million euros to implement the Forestry Reform Program.
Moldova will receive a $170.8 million external state loan from the IMF through the Resilience and Sustainability Facility (RSF).
Moldova will receive a $170.8 million external state loan from the IMF through the Resilience and Sustainability Facility (RSF).
Another 20 companies received grants of 8.7 million lei for digital innovations and technological startups.
Another 20 companies received grants of 8.7 million lei for digital innovations and technological startups.
The EU Confidence Building Measures program has announced a new grant competition for private sector development on both sides of the Dniester/Nistru River.
The EU Confidence Building Measures program has announced a new grant competition for private sector development on both sides of the Dniester/Nistru River.
The EU has allocated 10 million euros to implement the program “Promoting quality education and lifelong learning opportunities for all”.
The EU has allocated 10 million euros to implement the program “Promoting quality education and lifelong learning opportunities for all”.
100 local administrations have submitted applications for participation in the National Program “European Village-2”; applications can still be submitted until March 29.
100 local administrations have submitted applications for participation in the National Program “European Village-2”; applications can still be submitted until March 29.