EIB Global supports modernisation of schools across Moldova

Thousands of students across Moldova are set to benefit from warmer, safer and more modern schools as part of the new Moldova Schools Rehabilitation and Modernisation Programme, supported by a €40 million loan from the European Investment Bank’s development arm, EIB Global.

The programme is expected to mobilise total investments of up to €51.5 million for the renovation, reconstruction and upgrading of 20 schools across the country, improving classrooms, teaching facilities and learning environments for around 40,000 students. 

The initiative will contribute to Moldova’s efforts to modernise its education infrastructure in line with European standards. The project is expected to include comprehensive upgrades to school buildings, heating and ventilation systems, lighting, fire safety and accessibility features, and the renovation and modernisation of educational spaces and equipment. The upgraded infrastructure is expected to reduce energy consumption and to lower greenhouse gas emissions.

Moldovan Prime Minister Alexandru Munteanu said: “For us, every project of this kind represents more than just an investment. It is another step towards a Moldova with better public services and greater opportunities for every child.”

The operation is expected to become the first EIB project in Moldova to benefit from co-financing associated with the EU Growth Plan for Moldova. 

“The Growth Plan for Moldova is designed to deliver tangible benefits for citizens, and this project is a clear example of that commitment being put into action,” said EU Ambassador to the Republic of Moldova Iwona Piórko.

The overall investment programme comprises a €40 million EIB loan and an €8 million contribution from the Republic of Moldova supported through the EU Growth Plan for Moldova. The project is also expected to benefit from a €3.5 million European Union grant under the Neighbourhood Investment Platform.

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Press release