EBRD lends further €150 million for road upgrades in Moldova
Moldova Republic of, Dec. 19 -- The EBRD is lending a further €150 million to Moldova, adding to €150 million lent in 2024, to finance the rehabilitation of key roads in Moldova and around its capital, Chisinau. Together with a €40 million signed in June for an earlier roads project, the latest signing brings the EBRD's total signed funding for the sector this year to €190 million.The increased loan will allow the government to upgrade and widen the M2 Chisinau ring road, upgrade the M1 Chisinau to Leuseni section running to the Romanian border in the EU, and purchase specialised equipment and software for a Road Asset Management System.The two roads are part of the Trans-European Transport Network (TEN-T), which mak...
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