The European Parliament has adopted the report on the Moldova Facility, worth 1.8 billion euros, MEP Siegfried Muresan announced.
Following negotiations in the European legislature, lawmakers proposed increasing pre-financing from 7% to 20% of the total amount.
“These funds will quickly reach Moldova once the Facility takes effect. Since the Facility is worth 1.8 billion euros, each additional percentage point means an extra 18 million euros arriving in Moldova sooner,” Muresan said.
FOR THE MOST IMPORTANT NEWS, FOLLOW US ON TWITTER!
He emphasized that an agreement was reached to adopt the Facility without delays and under favorable conditions for Moldova’s authorities and citizens.
“It is crucial for these funds to reach Moldova as soon as possible to finance roads, hospitals, and bridges and to modernize public administration. These investments will improve people’s living standards and accelerate the country’s European integration. They will also help Moldova cope with the economic and energy crisis triggered by Russia’s latest gas supply blackmail,” Muresan added.
Final negotiations will follow in the Council of the European Union.
“Our goal is to finalize the legislation and have the Facility take effect in March,” the official said.