CHINESE COMPANY INTENDS TO HELP MOLDOVA REHABILITATE ROADS

Moldovan Minister of Economy and Infrastructure Chiril Gaburici met with the leadership of the company China Hyway Group Limited on Thursday. The sides signed a Memorandum of Intention, which implies that the Chinese company may implement a project on Moldovan road rehabilitation.

According to the Ministry, before starting works, Chinese investors intend to conduct thorough feasibility study and present necessary documents.

The Minister said that Moldova is interested in such projects and the development of infrastructure is one of Ministry's priorities.

"We will consider best proposals, in order that works to be quality and conducted in the established terms", he said.

China Hyway Group Limited representatives assured that the company has international experience and implemented an equivalent project in Serbia. They promised to present the offer in the nearest time.

In October 2017, another company China Metallurgical Group declared its intentions to participate in projects on rehabilitating Moldovan automobile roads, signing a Memorandum of Intentions with the then Minister of Economy Octavian Calmic.

That document implied the implementation of projects in four stages. At the first stage, it was planned to repair roads with the length of 181.9 km with a budget of 159 million euros. At the following stages within the working sittings it was planned to establish the road sections that need repairing and the costs of this work. The start of repairing was planned for not later than April-May 2018.

Infotag's dossier: The European Bank for Reconstruction and Development and the European Commission are financing in Moldova a number of projects on road rehabilitation. These allocated credits and grants worth over 300 million euros.