AGREEMENT | Moldova secures additional €150 million from EBRD for Chisinau–Leușeni road and Chisinau ring road
The European Bank for Reconstruction and Development (EBRD) will allocate an additional 150 million euros to the Republic of Moldova. This funding is intended for the modernization of the Chisinau - Leușeni road as well as the capital's ring road. These improvements will directly enhance connectivity with the European Union and strengthen regional links.
The document amending the Loan Agreement between the Republic of Moldova and the European Bank for Reconstruction and Development (EBRD) for the implementation of the V Road Rehabilitation Project was signed on December 19 in Chisinau by Deputy Prime Minister Vladimir Bolea, Minister of Infrastructure and Regional Development, and EBRD President Odile Renaud-Basso.
In 2024, the Republic of Moldova borrowed €150 million for the same project. Now, the loan amount will be doubled to support the modernization and expansion of the second sector of the Chisinau city ring road to four lanes, as well as the rehabilitation of the Chisinau-Leușeni section, which ensures connectivity with Romania.
The initial loan was based on studies conducted in 2014 and 2021; however, these studies no longer reflect the current realities in the construction sector. According to authorities, the road construction sector has been significantly affected by successive economic crises between 2021 and 2025, leading to material and labor costs increasing by up to 39%. Consequently, the initial budget is no longer sufficient to complete the work to the required European standards.
As part of the same project, a Road Asset Management System will be implemented, which includes developing digital tools for monitoring, planning, and optimizing the maintenance of the road network.
Both road sectors are part of the Trans-European Transport Network (TEN-T) and are strategically important for connecting the Republic of Moldova to the European Union's road network via the Leușeni-Albița border crossing.
During a meeting with EBRD President Odile Renaud-Basso, President Maia Sandu expressed gratitude for the EBRD’s ongoing commitment and the increase in investments in the Republic of Moldova over the past four years. The President emphasized the government's dedication to establishing a predictable and transparent business environment to attract foreign investment to the Moldovan economy.
To date, the EBRD has invested nearly €2.9 billion in 193 projects across the Republic of Moldova, with €1.7 billion allocated since 2022.
Approximately 40% of the EBRD's portfolio is focused on infrastructure, while investments in energy, connectivity, and support for small and medium-sized enterprises aim to contribute directly to sustainable economic growth and to bolster Moldova’s European trajectory.
