EBRD lends €150 million for road upgrades in Moldova

The European Bank of Reconstruction and Development (EBRD) has lent a further €150 million to Moldova, adding to the €150 million lent in 2024, to finance the rehabilitation of key roads in Moldova and around its capital, Chisinau. 

Together with €40 million signed in June for an earlier roads project, the latest signing brings the EBRD’s total signed funding for the sector this year to €190 million.

The increased loan will allow the government to upgrade and widen the M2 Chisinau ring road, upgrade the M1 Chisinau to Leuseni section running to the Romanian border in the EU, and purchase specialised equipment and software for a Road Asset Management System.

The two roads are part of the Trans-European Transport Network (TEN-T), which makes Moldova the gateway between the European Union to its west and countries to its east, including Ukraine. Traffic between the EU and Ukraine is expected to increase sharply once post-war reconstruction begins.

“The EBRD’s investment will support the Moldovan government’s efforts to ensure key road links are maintained to standards that will enable economic growth, regional integration and trade,” the bank said in a press release. “Improving these two roads, both part of Moldova’s transport link to Romania, will allow for better connection between Moldova and its neighbours Ukraine and Romania, in line with the EU Solidarity Lanes initiative.”

The investment is part of a large-scale road rehabilitation programme financed by the EBRD. The Bank has now agreed to invest a total of €692 million in Moldovan road upgrades.

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Press release