Chinese company prepares offer on implementing project on roads' restoration in Moldova

17:54 | 25.01.2018 Category: Economic

Chisinau, 25 January /MOLDPRES/ - The Economics and Infrastructure Ministry today signed a memorandum of intent on the restoration of national roads. The document was signed at a meeting between Economics and Infrastructure Minister Chiril Gaburici with a delegation of a Chinese company in charge of projects on roads’ restoration.

Representatives of the company China Hyway Group Limited said that the institution they represent has an international experience and had implemented similar projects in Serbia. They reiterated that, on the days to come, they will unveil an offer, to be able to start negotiations and discuss ways of implementing the project.

Under the Memorandum, the Chinese company will implement the project on roads’ restoration only after carrying out a feasibility study and will present the needed documents. The works are to start in four phases.

Minister Chiril Gaburici said that Moldova needed such projects and the development of infrastructure was a priority for the ministry. “We are to negotiate, to establish the best offer, to make sure that the works will be qualitative and the terms of putting into operation will be observed,” Chiril Gaburici stressed.

In late last September, a memorandum of intent on the carrying out of projects on roads’ restoration was signed with another Chinese company, China Metallurgical Group Corporation. The first stage provided for the restoration of roads with a length of 181.9 km, at a cost of 159 million euros.

For 2018, the Economics and Infrastructure Ministry set the goal to capitally repair 100 km of roads from Road Fund’s sources, repair ten bridges, repair 350 km of national roads and improve the state of the Moldovan roads based on the diagnosis made. The ministry plans investments worth over four billion lei in projects on restoration, construction and maintenance of roads and infrastructure; 2.3 billion lei of this money will be provided by the European Bank for Reconstruction and Development, European Investment Bank and European Commission; 1.7 billion lei will be used from the Road Fund and more than 104 million lei will be offered by the World Bank.

(Reporter V. Bercu, editor A. Raileanu)

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