The European Bank for Reconstruction and Development (EBRD) is extending a €150 million loan to Moldova, earmarked for the rehabilitation of critical roads, primarily focusing on the M2 Chisinau ring road and the M1 Chisinau to Leuseni section. The investment aims to enhance road connectivity, positioning Moldova as a gateway between the European Union (EU) and its eastern neighbors.

Both the M2 and M1 roads are integral components of the Trans-European Transport Network (TEN-T), solidifying Moldova’s role as a key link between the EU and countries to its east. The EBRD’s financial injection aligns with the EU Solidarity Lanes initiative, emphasizing the importance of improved transit connections between Moldova, Ukraine, and Romania.

The loan is part of a broader initiative, with the EBRD having already provided over €340 million for Moldova’s extensive road rehabilitation program. The objective is to elevate road standards, fostering economic growth, regional integration, and facilitating trade. Beyond road rehabilitation, the EBRD is actively engaged in assisting Moldova’s e-mobility efforts. The bank is contributing to the development of a national e-mobility strategy, promoting the deployment of electric fleets, and charging infrastructure in the country.

The EBRD holds a prominent position as Moldova’s most substantial institutional investor. In the previous year alone, the bank deployed €350 million in the country, focusing on energy security, improved infrastructure, connectivity, and facilitating access to finance for the private sector, particularly small and medium-sized enterprises (SMEs).

Since its inception, the EBRD has invested more than €2.2 billion in 170 projects in Moldova, with 40% of its portfolio dedicated to sustainable infrastructure. This underscores the bank’s long-term commitment to the country’s development and economic well-being, enhancing regional connectivity with its EU neighbors, ensuring economic growth, and fortifying the country’s resilience.

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