The legislative body ratified the financing agreement between the Republic of Moldova and the European Investment Bank within the project to reconstruct and rehabilitate the railway infrastructure and purchase rolling stock. The document provides that the state-run Moldova’s Railways will get €50 million for the purpose. The agreement was ratified by the votes of 59 MPs, IPN reports.

The money will be disbursed in maximum 20 tranches of at least €500,000 each. The first part of the contract envisions the purchase of 11 electric diesel locomotives for transporting both passengers and freight. There will also be bought maintenance equipment.

The second part of the contract refers to the rehabilitation of the railway infrastructure. The rehabilitation works will be concentrated on the corridors Bender-Chisinau-Ungheni-Balti-Ocnita and Bender-Basarabeasca-Etulia-Giurgiulesti.