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On 15 December, the European Investment Bank (EIB) announced that it will provide a loan of €41.2 million to Moldova, which will be invested to improve internal transport connections and fostering long-term economic benefits for the wider region.

In collaboration with an additional €12 million from the European Commission, the EIB loan will primarily fund the renovation of approximately 128 kilometres of track on Moldova's North-South axis. The project's objectives extend beyond addressing road congestion and promoting environmental sustainability. Notably, this initiative aims to further strengthen the Solidarity Lanes, where Moldova, in conjunction with Romania, oversees the transit of nearly 70% of products exiting Ukraine.

Since May 2022, the Solidarity Lanes have facilitated the export of 58 million tonnes of Ukrainian grain, becoming Ukraine's principal avenue for importing various goods, including essential commodities like fuel and humanitarian assistance.

Source: European Commission