Today, the government has greenlit the ratification of the Loan Agreement between Moldova and the European Bank for Reconstruction and Development (EBRD) for the implementation of Project V, aimed at rehabilitating Moldova’s road infrastructure.
The agreement entails securing a loan totaling 150 million euros, representing 50 percent of the co-financing required for Project V’s road rehabilitation endeavors, with the European Investment Bank (EIB) providing the remaining portion.
Funded by this agreement, the rehabilitation and modernization of the M2 road, specifically segment 2 of the Chisinau belt road, will take place, expanding the belt to four lanes over an estimated length of seven kilometers. Additionally, approximately 85 kilometers of the M1 road, stretching from the border with Romania at Leuseni, through Chisinau, to the border with Ukraine at Dubasari, will undergo rehabilitation.
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These critical national thoroughfares are integral to the Trans-European Transport Network (TEN-T), facilitating vital connections with Romania and providing direct access to the European Union. By enhancing trade routes and ensuring safer, more efficient economic activity.