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Moldova Republic of : SERIES OF INVESTMENTS worth 670 million to be made to help develop road network of MOLDOVA

August 23, 2014

A series of investments worth 670 million would be made to help develop Moldova s road network with the aid of the European Bank for Reconstruction and Development (EBRD).

The EU s Neighbourhood Investment Facility (NIF) and the European Investment Bank to allow the work that would provide a significant boost to its economy in total, 830km of the country s main road network is receiving support in a joint partnership venture from the EBRD.

The existing road infrastructure has been assessed as among the poorest in Europe.

The EU s NIF scheme has been created to enable core infrastructure projects in the transport and energy sectors.

The new initiative covers that Moldova has already received a share of a 70 million fund last year towards developing transport and water supply services within the country.

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Source: TendersInfo (India)

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