Moldova is investing in upgrading highway links

A €150 million budget has been set aside by the Moldavian Ministry of Transport and Road Infrastructure for upgrades to 200km of the country’s major highway links. The funding is coming in the shape of a loan from the European Bank for Reconstruction and Development (EBRD). In addition the US Government’s Millennium Challenge Corporation (MCC) is investing a further US$132 million in its Moldovan Compact agreement. The EBRD loan will be used to improve sections of the R33 Hincesti-Lapusna-M1 road to the Rom
September 11, 2013 Read time: 2 mins
Construction work is underway on upgrades to 200km of Moldavia’s key road links
A €150 million budget has been set aside by the Moldavian Ministry of Transport and Road Infrastructure for upgrades to 200km of the country’s major highway links. The funding is coming in the shape of a loan from the 1166 European Bank for Reconstruction and Development (EBRD). In addition the 908 US Government’s 2707 Millennium Challenge Corporation (MCC) is investing a further US$132 million in its Moldovan Compact agreement. The EBRD loan will be used to improve sections of the R33 Hincesti-Lapusna-M1 road to the Romanian border, the R14 Balti-Sarenteni transport link between the capital Chisinau and Moldova’s second largest city Balti, the R9 Soroca-Arionesti road in the north of the country and the R34 Hincesti-Leova-Cantemir road in the south. The loan will also help to fund the new 17km M3 Slobozia Mare bypass. Meanwhile the US funding will be used to improve 93km of the M2 and R9 roads between Sarateni and the city of Soroca. The work is being carried out by a consortium comprising contractors from an array of countries.
Road Structures

Related Content

  • Odebrecht wins Brazilian highway concession
    November 29, 2013
    Odebrecht has been awarded a concession for Brazil’s important BR-163 federal highway route. The 851km section of highway runs through Mato Grosso state and the deal is worth some US$2 billion, according to a report by Business News Americas. As part of its contract, Odebrecht will have to widen a 454km stretch of the route within five years and is also required to build nine new toll booths.
    Read More
  • Boom in Asian infrastructure investment
    February 8, 2012
    Investment in China and India continues unabated, but other nations on the continent are eager to attract companies as Patrick Smith reports Asia is still booming despite the current economic crisis, and new infrastructure programmes are constantly coming on stream. Powerhouses China and India, with their double-digit growth figures and huge infrastructure plans (in scope and cost), are leading the way and are still magnets for businesses wishing to expand, both in terms of facilities and customers. But oth
    Read More
  • Bulgaria signs Shipka Pass deal
    June 17, 2022
    The PSVT consortium picked up the Shipka Pass Tunnel project as part of the bypass for Gabrovo City, a town of around 50,000 situated on the Yantra River.
    Read More
  • Conference highlights Mexico's highway investment
    February 27, 2012
    At the recent PIARC World Road Conference in Mexico City the country’s president, Felipe Calderon, made a keynote opening address. Calderon emphasised that infrastructure investment and expansion forms a crucial component in the country’s future economy and as such, has been a priority for his administration. Calderon took office in 2006 and by the end of this year Mexico will have built or rebuilt some 19,000km of roads and highways in the country. Due to its proximity to the US, Mexico is highly dependen
    Read More

Highlighted Content