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EBRD mulls lending 25 mln euro to back railway restructuring in Moldova

Oct 31, 2012, 12:48:42 PMArticle by Nina Byalkova
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CHISINAU (Moldova), October 31 (SeeNews) – The European Bank for Reconstruction and Development (EBRD) said it is considering providing a sovereign loan of up to 25 million euro ($32.3 million) to Moldova to finance the renewal and refurbishment of life-expired rolling stock.

EBRD mulls lending 25 mln euro to back railway restructuring in Moldova

Besides enhancing the efficiency of passenger services, the project also aims to support the railway restructuring reform through providing technical assistance for the preparation and implementation of a restructuring plan as well as through providing financial support in a form of a grant for the initial planning and implementation stages of a phased retrenchment programme, the EBRD said on its website.

The estimate project cost is up to 30 million euro.

($=0.7729 euro)

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