Moldova: financing contract for rehabilitation of North-South railway corridor signed

Moldova will receive a loan of 41.205 million euros from the European Investment Bank (EIB) and a grant of 12 million euros from the European Union. The financial resources will be directed to the rehabilitation of the railway corridor Valcinet-Ocnita-Balti-Ungheni-Chisinau-Cainari. The financing contract was signed by Minister of Finance Petru Rotaru and Director for Enlargement…

Baltic States: auditors sign cooperation agreement to study situation with Rail Baltica

Latvian, Lithuanian and Estonian state auditors have signed a cooperation agreement regarding important aspects and problems uncovered in Rail Baltica project’s implementation and financing so far, representatives of Latvian State Audit (VK) report. An assessment of the situation in regards to the project’s implementation, financing and international cooperation-related matters will be performed with Latvia, Lithuania…