Chisinau ring road to be completed with European money

13:43 | 21.12.2022 Category: Economic

Chisinau, Dec. 21 /MOLDPRES/- Eastern Partnership Investment in Connectivity (EPIC) Coordination Committee approved Moldova's request for financial support for the elaboration of the feasibility studies necessary for the construction of the Chisinau ring road, the Ministry of Infrastructure and Regional Development (MIDR) announced today.

Under the decision, the Republic of Moldova will sign next year a cooperation agreement for technical assistance between MIDR, State Road Administration and the European Investment Bank (EIB), which will regulate the particularities of project implementation.

"At the same time, next year the funding request will be submitted for the development of the feasibility studies necessary for the construction of the Ungheni-Chisinau-Odesa highway, which will interconnect the Republic of Moldova with Romania and Ukraine, by means of a high-speed road with significant economic potential", indicates MIDR.

EPIC is an instrument set up by the European Commission, with the support of the EIB, in the context of the implementation of major infrastructure projects with external financing, for the Eastern Partnership countries, and the Republic of Moldova was selected as a first platform for its launch. Also, through this instrument, the elaboration of the Mobility Strategy of the Republic of Moldova for 2023-2030 is financed.

Photo: MIDR

Any material published on the website of the Public Institution ’’A.I.S. Moldpres’’ (Moldpres News Agency) is intellectual peoperty of the Agency, protected by the copyright. The taking over or/and use of these materials will be made only with the Agency’s agreement and with compulsory reference to source.