Chisinau-Ungheni railway line is to be rehabilitated as part of a modernization project, under which a financial loan will be granted on preferential conditions. The Government of the Republic of Moldova and the Government of the French Republic have signed today a letter of intent regarding the financing of the project, IPN reports.
The document was signed by the Minister of Economy and Infrastructure, Vadim Brînzan, and the Secretary of State for European Affairs, Amélie de Montchalin.
"Funds granted by the French Government will be earmarked for purchasing automated equipment and rehabilitation of railway segments of Chisinau-Ungheni section. This project is a strategic one for our country and will substantially improve the connection of the Moldovan rail network to the Romanian and European ones”, mentioned Vadim Brînzan, quoted by a MEI press release.
The criteria for the implementation of the French financial support and the exact financing conditions will be defined in an intergovernmental agreement to be signed between the Government of the Republic of Moldova and the Government of the French Republic.