Railway corridor Vălcineț – Ocnița – Bălți – Ungheni – Chișinău – Căinari to be modernized in Moldova

19:15 | 26.10.2023 Category: Economic

Chisinau, 26 October /MOLDPRES/ - The European Bank for Reconstruction and Development (EBRD) will provide financial support for the modernization of the railway infrastructure from Moldova. The MPs today ratified an agreement on loan to this end.

EBRD will provide Moldova with a loan worth 23 million euros, in two installments. Also, the country will benefit from a grant worth 20 million euros, provided by the European Commission. The money will be used for carrying out of repair works on the railway corridor, Vălcineț – Ocnița – Bălți – Ungheni – Chișinău – Căinari.

The loan will be approved for a 15-year repayment period. The agreement on loan between Moldova and the European Bank for Reconstruction and Development, RLF – Moldovan Railways Crisis Response, was signed in Chisinau on 27 June 2023.

Symbol photo

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.