December 17 (SeeNews) - The European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB) and the E5P fund are jointly providing 23 million euro ($28.2 million) in loans and grant funds to Moldova's Chisinau for the revamp of the city's landfill, the EBRD said on Thursday
The joint investment will be used to close a temporary dumpsite in the Ciocana district of the Moldovan capital, rehabilitate the site and upgrade the Tintareni landfill in line with EU directives, the EBRD said in a press release.
Under the project that is part of EBRD Green Cities initiative, the road leading to the landfill will be rehabilitated, the existing waste transfer station will be refurbished, a new waste-sorting plant will be opened, new waste collection and transportation trucks will be purchased and new landfill gas and leachate collection systems will be installed.
The EBRD is providing a 9 million euro loan to Chisinau municipality, the EIB is expected to contribute another 9 million euro and the E5P Fund is extending a 5 million euro investment grant.
The EU-backed Eastern Europe Energy Efficiency and Environment Partnership (E5P) is a multi-donor and multi-international financial institution fund operating in all EU Eastern Partnership countries.