The European Bank for Reconstruction and Development and the European Investment Bank will offer Moldova a loan of €300 million for rehabilitating the national roads M2, M3 and M5. Minister of Economy and Infrastructure Sergiu Railean made a request for financing to the two financial institutions and recently received confirmation of the approval of payments, IPN reports.
The Ministry of Economy said the financing corresponds to the investment objectives of the European financial institutions for the Eastern Partnership that were agreed with the European Commission in 2019. Besides the financing of capital investments, the framework agreement will also be a catalyst for using the technical assistance resources for preparing a derivative investment line in in road infrastructure.
The project is implemented by the State Road Administration. The implementation period will be negotiated and stipulated in the financing agreement.