As stated by the EBRD, the operation will finance the acquisition of materials required for the rehabilitation of railway infrastructure on Moldova's Valcinets - Balti - Ungheni section (under Tranche I) and the Chisinau - Cainari section (under Tranche II).
The Project will support Moldova's economic development, increase its logistics and transit potential and bring operational efficiency from improved regional infrastructure through the rehabilitation of the railway sections on the North-South Rail Corridor.
The Project will facilitate the transportation of goods via alternative routes from Ukraine via Moldova to the EU. This aims to ensure food security and improves the access for Ukrainian goods to the largest operable port at the Black Sea, Constanta, as well as to ports in Romania, Moldova and Ukraine - at Galati, Reni, Ismail and Giurgiulesti, with a cumulative operating capacity that can absorb a significant part of Ukraine's export needs.
The Project supports the shift from high to low-carbon modes of transport as the goods from and to Ukraine via Moldova are predominantly transported by road due to the lack of capacity of the Moldovan North-Central railway network. The Project is expected to increase the throughput capacity and lift speed restrictions on the current rail infrastructure.
The loan is made to the Republic of Moldova. Calea Ferata din Moldova ("CFM") is a national railway operator in the Republic of Moldova responsible for passenger and cargo transportation, as well as infrastructure management. The CFM will be responsible for the implementation of the Project.
The EBRD Loan will consist of Tranche I of up to EUR 12 million (committed at signing) and Tranche II of up to EUR 11 million (uncommitted).
Implementing Agency - Calea Ferata din Moldova:
Mr. Oleg Tofilat - General Director
Phone: (+373) 22 83-33-33 / (+373) 22-834-204
Address: Republica Moldova, Chisinau MD-2012, str. Vlaicu Pircalab 48
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ACCOUNTABILITY MECHANISM OF EBRD
The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.
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