Rus News Journal

Moldova will receive from the European Reconstruction and Development Bank of 20 million dollars on upgrade of a power infrastructure

Term of return of a loan - 15 years with a delay for 3 years under the London interbank rate of offer LIBOR (0,7314 +1 %. The project is supposed to be finished till April, 30th, 2017.

the Prime minister - the minister has specified that the project is aimed at restoration of internal electrodistributive networks GP Moldelektrika by means of reconstruction of substation 400 kv; reconstruction of two substations 110/ 10 kv; reconstruction of three transmission lines 110 kv (1x10 km, 1x1, 1x20 km); deliveries and installations of two transformers 330/ 45/ 10 kv, seven transformers 110/ 35/ 10 kv and three transformers 110/ 10 kv; installations on some substations of cells and switches; grantings to the command of the project of consultations and carrying out of corresponding design works.

- Maintenance of power security - one of government priorities. For its realisation we have begun the scale process, which ultimate goal - vzaimopodkljuchenie a power system   Moldovay and uniform European electrotransport system, - Vladimir Filat has declared.

Thereupon he also has noticed that the cabinet has discussed the project on upgrade of internal electrodistributive networks GP Moldelektrika with the European Reconstruction and Development Bank and the European investment bank which intend sofinansirovat the project for the sum of 20 million dollars and 17 million euro accordingly. At the same time the European commission has made the decision about sofinansirovanii of the project by granting of the grant at a rate of 8 million euro by means of Investment fund of the neighbourhood.

- Agreements with Evroinvestbankom and EK will be signed in the near future, after end of procedure of the statement within the limits of external structures - partners , - the chairman of the government has specified.

the Director of the European bank of reconstruction and development for Moldova, caucasus and Belarus Pol - Anri Foreste has noted good cooperation of the European Reconstruction and Development Bank with our country, having underlined that throughout 20 years of teamwork this financial institution invested over 600 million euro more than in 85 projects of different branches of the Moldavian economy.

According to Foreste, the European Reconstruction and Development Bank studies possibilities to initiate new joint projects with Moldova in such areas, as transport and the railways.

- 2012 becomes record year of cooperation of the European Reconstruction and Development Bank with Moldova, - he has noted.

the Parties have expressed confidence available potential of development of relations between   Moldova and the European bank of reconstruction and development, and also that present cooperation will be continued to bring to citizens of our country direct benefit.