Top European bank provides 150 million euros for rehabilitation of roads from Moldova

Chisinau, 28 February /MOLDPRES/ - The government today approved the ratification of the Agreement on loan between Moldova and the European Bank for Reconstruction and Development (EBRD) on the carrying out of the Project V on rehabilitation of roads from Moldova. 

The agreement provides for the contracting of a loan worth 150 million euros. The sum represents 50 per cent of the co-financing of the project on roads’ rehabilitation, Moldova V; the other part of the sum is allocated by the European Investment Bank (EIB).  

The M2 road, the Chisinau belt road, segment 2, will be rehabilitated and modernized with the money provided, through the belt’s extension to four lanes, with an estimated length of seven km. About 85 km of the M1 road, border with Romania-Leuseni-Chisinau-Dubasari-border with Ukraine, will also be rehabilitated.

Those two national roads are part of the Trans-European Transport Network (TEN-T), create connections with Romania and directly with the European Union, develop the trade and allow citizens to move quickly and in safety.