The EBRD will offer the Republic of Moldova a loan worth 23 million euros. Parliament ratified the agreement

The European Bank for Reconstruction and Development (EBRD) will provide financial support for the modernization of the railway infrastructure in the Republic of Moldova.

The Parliament approved the ratification of a loan agreement in the amount of 23 million euros in its plenary session today.

The loan will be provided in two installments, accompanied by a 20 million euro grant from the European Commission.

These funds will be used for repairing the railway corridor Vălcineț – Ocnița – Bălți – Ungheni – Chișinău – Căinari, aiming to attract more freight and increase passenger numbers by improving train speed and reducing travel time.

The loan has a 15-year term, and the agreement was ratified on June 27, 2023, in Chișinău.

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