The European Investment Bank (EIB), the bank of the European Union, will invest an additional €150 million in the modernisation of highways in the Republic of Moldova and improved road safety in the country.
Under the loan agreed with the Government of Moldova, the EIB will finance the reconstruction and modernisation of the Balti-Criva section of the M5 national road, and the Chisinau Bypass on the M2 road.
The EIB loan will allow Moldova to introduce international road quality and safety standards and achieve capacity improvements according to the traffic demand on particular sections of the national road network.
The operation will accelerate the country’s integration into the TEN-T network and the EU, which is one of the goals of the EU Economic and Investment Plan for the Eastern Neighbourhood.
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