Moldovan official journal roundup for 10 December

10:26 | 10.12.2021 Category: Economic

Chisinau, Dec. 10 / MOLDPRES /- The Official Journal today published government's decision to sign the Financing Agreement between the Republic of Moldova and the European Investment Bank (EIB) on implementation of the Energy Efficiency in Moldova project.

The financing agreement provides for a loan of 30 million euros to our country for the implementation of the project Energy Efficiency in Moldova aimed at the energy rehabilitation of public institutions of national and local importance, such as hospitals, kindergartens, schools, etc.

Moldova will borrow 30million euros from the EIB, another 30million euros from the European Bank for Reconstruction and Development, a 15m-euro grant from the European Commission's Neighborhood Investment Platform , as well as a grant of 500 thousand euros from the Technical Assistance Trust Fund for the Eastern Partnership countries, with a project implementation period of 4 years (2022-2025).

Under the terms of the financing agreement, the EIB loan will be granted in ten installments, the minimum amount of which will be EUR 1 million. A grace period of 5 years and a maximum period of 20 years from the receipt of each installment will apply for the repayment of each tranche.

Source: monitorul.gov.md

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