EBRD to Fund Moldova Water Projects

The European Bank for Reconstruction and Development (EBRD) will fund €10m ($12m) to expand water supply facilities in Moldova.

The loan will co-finance a water utilities development programme in six reform-minded localities: Floresti, Soroca, Hancesti, Orhei, Leova and Ceadar-Lunga.

The fund will be used to support the expansion of water supply systems and wastewater collection.

The project will ensure safe drinking water access to approximately 40 towns and villages in order to improve public health.

The €30m ($36m) programme is co-financed by a €10m loan from the EBRD and a €10m grant from the EU’s Neighbourhood Investment Facility (NIF).

The EBRD will provide an additional €2m ($2.4m) in technical assistance grants to assist the project’s implementation.