| Project Detail |
Location:
Moldova
Project number:
54423
Business sector:
Transport
Notice type:
State
Approval date:
18 Oct 2023
Status:
Exploratory
PSD disclosed:
15 Aug 2023
Project Description
The provision of a sovereign loan of up to EUR 150 million, tranched, for the rehabilitation and widening of the M2 Chisinau ring road - section 2 (Tranche 1) and the rehabilitation of the M1 Chisinau to Leuseni road section (Tranche 2) (together referred to as the "Project").
Project Objectives
The Project will support Moldovas economic development and bring operational efficiency from improved regional road infrastructure through the rehabilitation of the key road network. Financing will continue to support the Governments efforts to halt the deterioration of the road network in Moldova; ensure key road links are maintained to acceptable standards to facilitate economic growth, regional integration and trade, including the flow of goods via Moldova; and support the reform of the road sector.
The Project is aligned with the Economic and Investment Plan for Neighbourhood East and its post-2020 Eastern Partnership Priorities, in particular its priority to enhance transport connectivity by strengthening core transport links with a focus on extended TEN-T network. The Project will support country and regional connectivity through the rehabilitation of priority roads between Moldova, the European Union and Ukraine. The Project is also consistent with the EU-Ukraine Solidarity Lanes by focussing on core corridors to ensure transport connectivity for import and export of goods with Ukraine. |
