EU Bank supports the modernisation of Moldova’s railways with 50 million EUR

The European Investment Bank (EIB) is lending EUR 50m to the Republic of Moldova to finance the improvement and modernisation of Moldova’s railway network and rolling stock. The project has received a 5 million EUR investment grant from the European Union, and is co-financed with the EBRD. This is the first time EIB financing has been granted to the Moldovan railways sector, and will upgrade assets partially located on the extended TEN-T and contribute to the achievement of the objectives of the EU-Moldova Association Agreement.

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