Project Detail |
Location:
Moldova
Project number:
54122
Business sector:
Transport
Notice type:
State
Environmental category:
B
Approval date:
14 Mar 2023
Status:
Passed Final Review, Pending Approval
PSD disclosed:
15 Mar 2023
The operation will finance the acquisition of materials required for the rehabilitation of railway infrastructure on Moldovas Valcinets - Balti - Ungheni section (under Tranche I) and the Chisinau - Cainari section (under Tranche II) (together referred to as the "Project").
Project Objectives
The Project will support Moldovas economic development, increase its logistics and transit potential and bring operational efficiency from improved regional infrastructure through the rehabilitation of the railway sections on the North-South Rail Corridor.
The Project will facilitate the transportation of goods via alternative routes from Ukraine via Moldova to the EU. This aims to ensure food security and improves the access for Ukrainian goods to the largest operable port at the Black Sea, Constanta, as well as to ports in Romania, Moldova and Ukraine - at Galati, Reni, Ismail and Giurgiulesti, with a cumulative operating capacity that can absorb a significant part of Ukraines export needs.
The Project supports the shift from high to low-carbon modes of transport as the goods from and to Ukraine via Moldova are predominantly transported by road due to the lack of capacity of the Moldovan North-Central railway network. The Project is expected to increase the throughput capacity and lift speed restrictions on the current rail infrastructure. |