The European Bank for Reconstruction and Development will lend an additional €100 million to Moldova to finance the rehabilitation of roads near its border with Ukraine, adding to an existing €150 million loan in 2013 for road upgrades. Parliament ratified the relevant agreement on Thursday, IPN reports.
The €100 million EBRD loan – for rehabilitation of roads between the towns of Soroca and Arionesti (46km) and from Arionesti to the border with Ukraine, at Otaci (9.5 km) - will support the government’s efforts to ensure key road links are maintained to standards that will facilitate economic growth, regional integration and trade.
In 2013, the Republic of Moldova and the EBRD signed a €150 million loan agreement for implementing the Moldova Roads Rehabilitator Project IV.
