Moldovan deputy PM says European funds to be invested in infrastructure projects, to improve citizens' lives

European funds will be primarily invested in infrastructure projects. Deputy Prime Minister for European Integration Cristina Gherasimov has made statements to this effect, after the European Parliament adopted, in its final reading, the Economic Growth Plan for the Republic of Moldova, worth 1.9 billion euros.

Gherasimov noted that the European funds would be used to build regional hospitals, create new businesses and strengthen energy security. The official emphasized that the European financial assistance would contribute to the modernization of Moldova, creating better living conditions for its citizens.

‘’In the next three years, European funds will be invested, in particular, in infrastructure projects. They include the construction of two hospitals in Balti and Cahul, the creation of new businesses which will generate new jobs and boost the economy, as well as strengthening energy security. The mechanism will enter into force immediately after being published in the EU’s Official Journal,’’ Gherasimov wrote on her Facebook account.

The deputy PM expressed gratitude to the European partners for standing with f Moldova and helping it build a European future.

The European Parliament approved a support package of 1.9 billion euros for Moldova with 499 votes for. This represents the largest financial aid provided by the EU to the country.

The support package includes 520 million euros in grants and 1.5 billion euros in low-interest loans.