A total of 200 million euros will be invested in expanding forests and improving the sustainability of forest ecosystems in various regions of Moldova. Today, the People’s Deputies ratified a financing agreement between Moldova and the European Investment Bank for the “Forest Development Program in Moldova.”
Moldova will receive a 200-million-euro loan to expand forests and restore degraded belts over 63,200 hectares. It will help reduce carbon dioxide emissions by approximately 12 million tons over the next 30 years.
The project will use the funds to strengthen forest infrastructure, including transporting wood materials, creating timber depots, and developing access roads to the forest.
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The project’s implementation will create more than 9,000 permanent and temporary jobs.
The loan will last 30 years, including a grace period of up to eight years.