Deputy Prime Minister Nicu Popescu, Minister of Foreign Affairs and European Integration, and representatives of the EBRD and EIB signed in Brussels the documents confirming the conclusion of the agreements needed for implementing the Moldovan Energy Efficiency Project, IPN reports, quoting the presidential press service.

“Owing to this project, a national project to rehabilitate buildings all over the country, primarily the social ones, will be launched in the Republic of Moldova. Among the beneficiaries are public institutions of national importance, such as republican hospitals, and local and municipal facilities, such as kindergartens, schools, municipal and district hospitals. This way, following the rehabilitation of hospitals, over 250,000 patients will enjoy better services, while the state will save at least €5.2 million,” runs the press release.

The sovereign loan of €30 million from the European Bank for Reconstruction and Development will be co-financed by a €30 million loan from the European Investment Bank and an investment grant of €2.8 million from the EU’s Neighborhood Investment Platform and from the Eastern Partnership Technical Assistance Trust Fund.

There was also signed a letter of intent concerning the EIB’s readiness to provide a loan of up to €150 million for the Moldova Roads IV Project. The money will be used to repair over 150 km of road.

Moldova’s delegation led by President Maia Sandu is taking part in the sixth Eastern Partnership Summit that is held in Brussels on December 14-15. On the sidelines of the event, there was also signed an agreement on the provision of €60 million in non-reimbursable assistance with the European Commission.