EIB to lend Moldova EUR 150 mln for roads overhaul
The European Investment Bank said on Friday it is providing a EUR 150 million loan to Moldova for investment in the reconstruction and modernization of the Balti-Criva section of the M5 national road, and the Chisinau Bypass on the M2 road, the EIB said in a press release.
The investment is expected to cut travel times in the country, reduce vehicle operating and maintenance costs, and increase the economic and territorial cohesion of Moldova, as well as accelerate the integration of the Republic of Moldova into the Trans-European Network for Transport (TEN-T), in line with the EU Flagship Initiative for Moldova dedicated to transport connectivity.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.