The Republic of Moldova and the European Investment Bank today signed a Letter of Intent for a loan of €150 million to support the development and improvements of a number of priority road sections along its main roads. The finance contract for the loan is expected during the early months of 2022.
One of the key goals of the EU in the Eastern Partnership is to improve connectivity and road safety. This comes as part of the EU’s Economic and Investment Plan for Moldova, contributing to the one of its flagships ‘Improving connectivity and anchoring Moldova in the Trans-European Network for Transport’.
The loan will help to include Moldova in the Trans-European Transport Network. Improved transport connections will result in increasing economic ties and improving the development of the region.
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