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Jan 11, 2023 14:37 EEST
January 11 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) said on Friday it is lending 25 million euro ($27 million ) to Moldova to finance critical investments in solid waste management infrastructure and to address pressing environmental challenges.
The loan financing is boosted by a 5.6 million euro grant from multi-donor E5P fund, to which the EU is the largest contributor, the EBRD said in a press release last week.
The project enables the expansion, regionalisation, and creation of a consolidated regional solid waste management system in the participating zones. It is expected to serve as a blueprint for a sustainable solid waste management system across the country.
The EBRD’s investment will enable the government of Moldova to deliver an improved and more efficient municipal waste collection, covering not only urban centres, but rural areas as well, the bank added.
($= 0.9303 euro)
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