{"id":377174,"date":"2014-02-10T20:46:35","date_gmt":"2014-02-10T18:46:35","guid":{"rendered":"http:\/\/www.moldova.org\/?p=377174"},"modified":"2014-02-10T20:46:35","modified_gmt":"2014-02-10T18:46:35","slug":"capital-moldova-new-modern-water-infrastructure-foreign-support","status":"publish","type":"post","link":"https:\/\/www.moldova.org\/en\/capital-moldova-new-modern-water-infrastructure-foreign-support\/","title":{"rendered":"Capital of Moldova to have a new, modern water infrastructure with foreign support"},"content":{"rendered":"Reading Time: <\/span> < 1<\/span> minute<\/span><\/span>

Moldovan capital city Chisinau will have a modern water and waste water infrastructure. The European Investment Bank (EIB), European Bank for Reconstruction and Development (EBRD), and the European Union, through the Neighborhood Investment Facility, are joining forces to support the modernization of these facilities.<\/p>\n

The three sponsors will provide 59 million Euro in loans to implement the project.<\/p>\n

The EBRD and the EIB will each provide loans of 24 million Euro, while the EU will pay an 11 million Euro grant. The main beneficiary is the city\u2019s water and wastewater utility S.A. Apa Canal Chisinau.<\/p>\n

\u201cClean water is essential for life,\u201d EIB President Werner Hoyer said. \u201cInvestment in the Chisinau city water system will significantly improve the quality of drinking water, reduce leaks and enhance waste water treatment.\u201d<\/p>\n

According to the sponsors, the funding will be used to finance the extension, rehabilitation and modernization of the water and wastewater infrastructure. This upgrade is intended to save energy, improve the efficiency of Chisinau\u2019s water network and contribute towards future compliance with relevant EU directives.<\/p>\n

\u201cThis is a very significant investment programme,\u201d EBRD President Sir Suma Chakrabarti said at the signing of the project in Chisinau. \u201cIts significance lies not only on the considerable amount of money involved, but also in the impact it will have on people\u2019s lives. It is an outstanding example of how international financial institutions and the European Union are working together.\u201d<\/p>\n

Studies show that the water network in Chisinau is no longer appropriate for meeting city\u2019s demands.<\/p>\n

\u201cDue to a lack of investment key parts of the network are in urgent need of refurbishment. Investment planned under the new upgrade programme will reduce water loss, improve water quality and reduce health risks,\u201d the sponsors said in a joint statement.<\/p>\n","protected":false},"excerpt":{"rendered":"

Reading Time: <\/span> < 1<\/span> minute<\/span><\/span>Moldovan capital city Chisinau will have a modern water and waste water infrastructure. The European Investment Bank (EIB), European Bank for Reconstruction and Development (EBRD), and the European Union, through the Neighborhood Investment Facility, are joining forces to support the modernization of these facilities. The three sponsors will provide 59 million Euro in loans to […]<\/p>\n","protected":false},"author":1,"featured_media":227874,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-377174","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"content_social_share":"Reading Time: <\/span> < 1<\/span> minute<\/span><\/span>

Moldovan capital city Chisinau will have a modern water and waste water infrastructure. The European Investment Bank (EIB), European Bank for Reconstruction and Development (EBRD), and the European Union, through the Neighborhood Investment Facility, are joining forces to support the modernization of these facilities.<\/p>\n

The three sponsors will provide 59 million Euro in loans to implement the project.<\/p>\n

The EBRD and the EIB will each provide loans of 24 million Euro, while the EU will pay an 11 million Euro grant. The main beneficiary is the city\u2019s water and wastewater utility S.A. Apa Canal Chisinau.<\/p>\n

\u201cClean water is essential for life,\u201d EIB President Werner Hoyer said. \u201cInvestment in the Chisinau city water system will significantly improve the quality of drinking water, reduce leaks and enhance waste water treatment.\u201d<\/p>\n

According to the sponsors, the funding will be used to finance the extension, rehabilitation and modernization of the water and wastewater infrastructure. This upgrade is intended to save energy, improve the efficiency of Chisinau\u2019s water network and contribute towards future compliance with relevant EU directives.<\/p>\n

\u201cThis is a very significant investment programme,\u201d EBRD President Sir Suma Chakrabarti said at the signing of the project in Chisinau. \u201cIts significance lies not only on the considerable amount of money involved, but also in the impact it will have on people\u2019s lives. It is an outstanding example of how international financial institutions and the European Union are working together.\u201d<\/p>\n

Studies show that the water network in Chisinau is no longer appropriate for meeting city\u2019s demands.<\/p>\n

\u201cDue to a lack of investment key parts of the network are in urgent need of refurbishment. Investment planned under the new upgrade programme will reduce water loss, improve water quality and reduce health risks,\u201d the sponsors said in a joint statement.<\/p>\n

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