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World Bank approves $105.98 million financing package to Moldova


http://www.old.ipn.md/en/world-bank-approves-10598-million-financing-package-to-moldova-7966_1104308.html

The World Bank’s Board of Executive Directors approved a $105.98 million financing package to the Republic of Moldova for the Moldova Rural Connectivity Project (MRCP), which will support the country to improve climate-resilient road connectivity in rural communities, enhance road transit through border crossings with Romania and respond promptly and more effectively to crises and emergencies. MRCP will finance the rehabilitation and upgrading of approximately 95 km of three priority local roads, IPN reports.

The project will finance the rehabilitation and upgrading of approximately 95 km of three priority local roads with climate-resilient design. The works include road safety measures in the proximity of schools and settlement areas. Works will also include non-motorized transport infrastructure along and adjacent to roads. Construction works will be complemented with road safety educational and informational campaigns with the aim to raise awareness and educate the public about road safety measures and practices.

Another component of the project is to improve the functionality of the Border Crossing Points (BCPs) between Moldova and Romania. A new road BCP will be constructed at Ungheni with modern customs processing, weighting and scanning facilities. Modernization of Giurgiulesti and Leuseni BCPs is also part of the project.

Since Moldova joined the World Bank in 1992, over $2.1 billion has been allocated to more than 70 operations in the country. Currently, the World Bank portfolio includes 13 active projects with a total commitment of US$742.9 million.