| Code: 105308 |

TIN news:   The Republic of Moldova will receive €50m from the European Investment Bank (EIB) to finance improvement and modernisation of the country’s railway network and rolling stock. 
The project has received an investment grant of €5m from the European Union, and is also co-financed with the European Bank for Reconstruction and Development (EBRD).  
It is part of a programme that also includes restructuring of the Moldovan railway sector to enable services to meet demand.
"It is part of a programme that also includes restructuring of the Moldovan railway sector to enable services to meet demand."
As part of the project, mainline diesel locomotives and associated maintenance equipment will be acquired, in addition to upgrading selected sections of railway infrastructure.
The new locomotives will replace their obsolete predecessors, while rehabilitation of railway infrastructure will take place on sections overdue for renewal. 
EIB’s financing will be used to upgrade assets partially located on the extended TEN-T.
Funds granted by EIB, EU and EBRD will help foster trade in Moldova, as well as between Moldova and its trading partners in the EU and Eastern Neighbourhood region. 
EIB said that the finance offered by the bank will support the railway sector and have a positive environmental impact by preventing modal shift from rail to road.
Pollutants, greenhouse gas emissions and noise levels will also be reduced as part of the project, which is intended to increase passenger safety and operational speed, in addition to minimising vehicle and infrastructure operating costs.

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