EBRD provides €23.5 million loan to Moldovan Railways
The European Bank for Reconstruction and Development (EBRD) will provide Moldova’s national railway operator Calea Ferată din Moldova with an additional €23.5 million loan to upgrade key infrastructure.
The loan follows a €110 million financial package by the EBRD, European Investment Bank (EIB) and EU, disbursed in 2017, to upgrade railway infrastructure, acquire new rolling stock and support the reform process of the state-owned enterprise. To date, 12 new locomotives have been purchased with EU support.
“The funds will be allocated for the modernisation of the railway infrastructure on the Bender-Causeni-Basarabeasca-Etulia-Giurgiulesti section, this being the busiest railway segment in the country, as it ensures the transit of goods from and to Romania and Ukraine,” said Andrei Spînu, Deputy Prime Minister, Minister of Infrastructure and Regional Development.
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