European Investment Bank provides 41.2 million euros for repair of railway corridor from Moldova

European Investment Bank provides 41.2 million euros for repair of railway corridor from Moldova

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The European Investment Bank will provide Moldova with a loan worth 41.2 million euros. The money will be used for the repair of the railway corridor, Vălcineț – Ocnița – Bălți – Ungheni – Chișinău – Căinari. The contract on financing to this effect was ratified by the parliament, CE Report quotes Moldpres

Also, Moldova will benefit from a grant worth 12 million euros on behalf of the European Union for the carrying out of the works.

The loan’s repayment period is up to 30 years and the interest rate is 5 per cent.

More details at the link

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