Moldova to benefit from European investment plan for developing infrastructure

17:55 | 16.01.2019 Category: Economic

Chisinau, 16 January /MOLDPRES/ - The European Commission and the World Bank have worked out an investment plan for the development of Trans-European Transport Networks (TEN-T). It is meant for the countries of the Eastern Partnership, including Moldova and is worth 13 billion euros.

The investment plan identifies priority projects from Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine.

According to the European Commission, the money will be used for the construction and rehabilitation of 4,800 km of roads or railway, six ports and 11 logistics centres, as well as border crossing points.

European Commissioner for European Neighbourhood Policy and Enlargement Negotiations Johannes Hahn has said that “the implementation of the investment plan is a joint commitment to provide tangible results to the citizens from the entire region.”

For her part, European Commissioner for Transport Violeta Bulc said that “the infrastructure can prompt the stimulation of economic growth and creation of new jobs.”

Some of the projects suggested are to be implemented till 2020 and the others – till 2030.

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