Moldova signed significant agreement for development of road infrastructure

14:33 | 24.01.2024 Category: Economic

Chisinau, 24 Jan. /MOLDPRES/- Minister of Infrastructure and Regional Development Andrei Spînu jointly with Ekaterina Miroshnik, Head of Eurasia, Sustainable Infrastructure Group of the EBRD signed a loan agreement for implementation of Moldova roads rehabilitation V project today.

The agreement sees a loan of 150 million euros. The amount represents 50% of the co-financing of Moldova V Project, the other part of the amount is allocated by the European Investment Bank.

"The investments are meant for the rehabilitation and modernization of the M2 road, Chisinau city belt, sector 2, by expanding it to 4 traffic lanes, with an estimated length of 7 km. Also, about 85 km of the M1 road, the border with Romania - Leușeni - Chisinau - Dubăsari - the border with Ukraine will be rehabilitated. The road sector is a gateway for the exchange of goods and passengers between the Republic of Moldova and the EU", MIDR said.

The two national roads are part of the trans-European transport network TEN-T and have a national and strategic importance both for streamlining traffic and for improving the connectivity of the Republic of Moldova with the European Union.

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