Moldova will sign a 150 million euros loan agreement with the European Investment Bank for the Moldova Roads IV Project, which represents 50% of the total cost. The other half is financed by the EBRD.
Infrastructure Minister Andrei Spînu told Tuesday’s Government meeting that the project provides for the rehabilitation, modernization and extension of several road sectors, such as the M5 road to the border with Ukraine, Criva-Balti-Chisinau-Tiraspol-Border with Ukraine, the Criva-Balti sector, with a length of 133 km, at an estimated cost of 129,000 euros.
Another road covered by the project is M2, the Chisinau city belt, on sectors 2 and 3, with a length of 17.35 km and an estimated cost of 52,000 euros. The M3 road Chisinau - Comrat - Giurgiulesti - border with Romania, the bypass of the city of Cimislia, at an estimated cost of 9,000 euros.
The Moldova Roads IV Project is a continuation of previous projects where about 500 km of national roads were built or rehabilitated.
Negotiations on the Financing Agreement took place in November of this year.
