The European Investment Bank (EIB) has extended a credit to the State Enterprise ‘Railway of Moldova’ for the modernization of its infrastructure, as reported by the railway portal Railway Supply.

Railway of Moldova

With the EIB credit, the statutory capital of the State Enterprise ‘Railway of Moldova’ will increase by over 363 million Moldovan lei (approximately 78 million dollars).

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This decision was approved by the country’s cabinet of ministers.

The funds have been allocated as part of the Project for locomotive acquisition and railway infrastructure restructuring and are designated for covering repair work on the Bendery-Keushani-Basarabyasca-Etulia-Dzhurdzhuleshti railway section.

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