BUCHAREST (Romania), October 5 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) said it is considering lending up to 25 million euro ($29 million) to Moldova for municipal and environmental infrastructure upgrades.
The loan will finance priority investments to improve solid waste management services across the country, the EBRD said in a project summary document on Monday.
The loan will be provided in several tranches. Tranche 1 will be committed at loan signing and will co-finance investments in Waste Management Region 5, which includes Ungheni, Nisporeni and Calarasi regions (WMR 5). Subsequent tranches will finance WMRs to be proposed by the Moldovan government and validated by feasibility studies.
The approval date for the loan was set for December 8, according to the document.
The project , which has a total cost of 103 million euro, aims to improve solid waste management services across the country, establish integrated solid waste management systems and address environmental challenges.
The project is also expected to be co-financed by capital grants from international donors and by the borrower.