EBRD and EU support Moldovan Railways rehabilitation project
May 17, 2023

EBRD and EU support Moldovan Railways rehabilitation project

The European Bank for Reconstruction and Development (EBRD) and the European Commission have approved a financial package by which the EU will provide an investment grant of €20 million in a project to rehabilitate two key sections of railway lines in Moldova. The EBRD will also lend the government of Moldova €23 million, with the remaining €28 million of the costs of the €71 million project being met by Moldova Railways.

The project aims to increase Moldova’s logistics and transit potential through the rehabilitation of railway infrastructure first on Moldova’s Valcinet – Bălți – Ungheni rail section and then, in a second phase of works, on the Chisinau – Cainari section of the corridor.

Moldovan Railways (Calea Ferata din Moldova, or CFM) will be responsible for implementing the project.

Rehabilitating the lines on Moldova’s North-South Rail Corridor will boost Moldova’s economic development and make it easier to transport goods from Ukraine via Moldova to the European Union, says the EBRD press release.

Find out more

Press release


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