Moldova: European Investment Bank to allocate additional €100 million to improve main roads to the EU border
On 15 December, the European Investment Bank (EIB), the bank of the European Union, signed a €100 million top-up with the Moldovan Finance Ministry for the existing loan for the rehabilitation and upgrading of key national road sections.
These sections are mainly on the extended trans-European transport network (TEN-T) and the Solidarity Lanes going through Moldova, contributing to better integration with the European Union.
With this loan increase, EIB Global plans to finance the rehabilitation of an additional 42 km of national roads and the construction of approximately 7 km of national roads in Moldova. The new operation will finance improvements to the Hîncești–Leova–Cahul–Giurgiulești national road, which leads to Moldova’s only international port of Giurgiulești on the Danube River. The port enjoys a strategic position adjacent to Ukraine and to the European Union with Romania. The other segment involves the construction of a bypass around the town of Cimișlia to shift transit traffic on the TEN-T road away from the town centre.
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