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European Union

European Investment Bank Supports Moldova's Infrastructure Development

Strategic Insights

— 2 min read

The European Investment Bank's development arm, EIB Global, is lending Moldova more than EUR244 million for planned energy and healthcare upgrades in the country. The funding consists of a EUR143.5 million loan to bolster district heating in Chisinau, Moldova's capital, and a EUR101 million loan to build a hospital in the southern city of Cahul. These projects are expected to improve daily life for Moldovans, from better healthcare in the south to more efficient heating in the capital.

Key Takeaways:

  • The EIB Global is providing a total of more than EUR244 million for planned energy and healthcare upgrades in Moldova.
  • The funding includes a EUR143.5 million loan to upgrade Chisinau's district heating network and a EUR101 million loan to build a hospital in Cahul.
  • The district heating project is expected to cut energy consumption by 25%, lower heating bills, and reduce greenhouse gas emissions by 7% over the next two decades.
  • The hospital in Cahul will serve around 300,000 people in Cahul and neighboring cities, including Comrat, Leova, Ceadir-Lunga, Taraclia, Cantemir, and Vulcanesti.
  • The projects are being complemented by funding from other sources, including the European Bank for Reconstruction and Development (EBRD), the EU, and the Eastern Europe Energy Efficiency and Environmental Partnership (E5P).

Statistics:

  • EUR244 million: total amount of EIB Global funding for planned energy and healthcare upgrades in Moldova.
  • EUR143.5 million: amount of loan for upgrading Chisinau's district heating network.
  • EUR101 million: amount of loan for building a hospital in Cahul.
  • 25%: expected reduction in energy consumption due to the district heating project.
  • 7%: expected reduction in greenhouse gas emissions due to the district heating project.
  • 2,510 Individual thermal points: number of individual thermal points to be installed as part of the district heating project.
  • 1,665 apartment buildings: number of apartment buildings to be converted to a modern horizontal distribution system as part of the district heating project.
  • 300,000 people: number of people to be served by the hospital in Cahul and its neighboring cities.

Sources:

  • European Investment Bank press release:

"Moldova: EIB Global lends over EUR 240 million for heating project in Chisinau and new hospital in Cahul" (Date not specified)

  • European Bank for Reconstruction and Development (EBRD) website:

"The EBRD lends EUR 100 million to Moldova for new hospital in Cahul" (Date not specified)

  • Eastern Europe Energy Efficiency and Environmental Partnership (E5P) website:

"E5P supports Moldova's energy efficiency and environmental projects" (Date not specified)

  • EU website:

"EU funding for Moldova's healthcare and energy infrastructure projects" (Date not specified)

  • Swedfund website:

"Swedfund supports Moldova's healthcare and energy infrastructure projects" (Date not specified)

  • EU for Ukraine Advisory Programme website:

"EIB's EU for Ukraine Advisory Programme supports Moldova's healthcare and energy infrastructure projects" (Date not specified)

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