The share capital of the state-run enterprise Moldova’s Railways will be increased by 363 158 300 lei (€16 962 100) on account of the loan provided by the European Investment Bank. A decision to this effect was taken by the Cabinet on Wednesday at the suggestion of the Ministry of Infrastructure and Regional Development, IPN reports.

The money is allocated with the project to purchase locomotors and to restructure the railway infrastructure and will go to pay for works to rehabilitate the Bender-Căușeni-Basarabeasca-Etulia-Giurgiulești railway segment.

The 233 km section will ensure railway convection between seven districts and will create favorable conditions for citizens’ trips by safe and ecological transport and for the exchange of goods.