Moldova has gained access to transportation financing through the Connecting Europe Facility
Moldova has obtained access to transportation financing from the Connecting Europe Facility for investments in its railway infrastructure
The government has signed an agreement with the European Commission, allowing them to apply for funding from the Connecting Europe Facility (CEF) to support projects of common interest in the transportation, energy, and digital sectors, as reported by the railway portal Railway Supply, citing Railway Gazette.
Moldovan authorities and companies will be able to submit applications for co-financing under the current CEF transport program, which has a budget of €25.8 billion for the years 2021-2027, starting from the next competition, which will be announced in September.
Priority will be given to projects that enhance connectivity between the core transportation network in EU member states and third countries.
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Noting that “Moldova has suffered greatly from Russia’s aggressive war against Ukraine,” the Commission stated that access to the CEF would support the country’s integration with the EU single market, promote growth, job creation, and competitiveness, as well as consolidate Moldova within the interconnected Trans-European networks.
“Moldova can be proud – it is the first country with which the EU is signing such an agreement,” said Adina Vălean, the Commissioner for Transport, on May 9th.
Projects that can help address current bottlenecks at border crossings and modernize Moldova’s railway network will be able to compete, for example, in the upcoming CEF transport competition open to all EU member states, which will provide funding of 2 to 5 billion euros for such investments.
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