Moldovan railways upgraded to serve Ukrainian export traffic
The European Bank for Reconstruction and Development has approved a €23m anti-crisis loan, which CFM Moldovan Railways will use to partially finance the modernisation of two sections of railway for use by Ukrainian transit traffic. This is reported by Railway Supply, citing Railway Gazette.
The total cost of the work to increase capacity and remove speed limits between Chisinau and Cainar and between Ocniţa and Ungheni on the Romanian border is estimated at €71 million. The European Union is to provide €20 million and the Moldovan government €28 million.
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The aim is to facilitate the transport of goods by rail rather than by road from Ukraine to the EU via Moldova, ensuring food security and improving access for Ukrainian exports to the Romanian Black Sea port of Constanta as well as to the ports of Galati, Reni, Izmail and Giurgiulesti, which together can meet a large part of Ukraine’s export needs.
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