EIB to finance Moldova road improvements
By Sarah Ann McCay27 June 2013
The European Investment Bank (EIB) has approved a loan for €150 million to finance the rehabilitation and upgrading of key national road sections in Moldova.
The EIB loan will fund development of the country’s main road corridors by rehabilitating and upgrading several sections and constructing city bypasses. The first phase of the project includes sections of the future Chisinau bypass and the M3 national road, constituting an extended priority trans-European network corridor.
“The project has significant cross-border and multi-modal implications and will contribute to better integration of Moldova with the EU by supporting the increased connectivity of the country with Romania and improving transport links to Moldova’s only international port of Giurgiulesti on the Danube river,” said EIB vice president Wilhelm Molterer.